Short Interest in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Declines By 37.2%

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 12,555 shares, a decrease of 37.2% from the June 30th total of 20,007 shares. Approximately 5.5% of the company’s stock are short sold. Based on an average daily volume of 10,133 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On The Consumer Staples Select Sector SPDR Premium Income Fund

An institutional investor recently bought a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC bought a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned 1.16% of The Consumer Staples Select Sector SPDR Premium Income Fund at the end of the most recent reporting period.

The Consumer Staples Select Sector SPDR Premium Income Fund Stock Down 0.7%

Shares of The Consumer Staples Select Sector SPDR Premium Income Fund stock traded down $0.17 during midday trading on Thursday, hitting $23.61. The company’s stock had a trading volume of 13,339 shares, compared to its average volume of 7,257. The Consumer Staples Select Sector SPDR Premium Income Fund has a 1-year low of $22.70 and a 1-year high of $25.74. The company’s 50-day simple moving average is $23.44.

State Street Consumer Staples Select Sector SPDR Premium Income ETF is an exchange-traded fund managed by State Street Global Advisors that offers investors targeted exposure to the consumer staples sector with an emphasis on income generation.

As a sector-focused SPDR product, XLSI is designed to provide access to companies engaged in the production, distribution and retailing of essential consumer goods such as food and beverages, household products, personal care items and related services.

The fund holds a portfolio of consumer staples equities and is structured to combine sector exposure with an options-based income component.