The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 23,529 shares, a growth of 141.2% from the April 30th total of 9,755 shares. Currently, 19.6% of the company’s stock are sold short. Based on an average daily trading volume, of 14,839 shares, the short-interest ratio is presently 1.6 days.
Hedge Funds Weigh In On The Consumer Staples Select Sector SPDR Premium Income Fund
A hedge fund recently bought a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC bought a new position in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned approximately 1.16% of The Consumer Staples Select Sector SPDR Premium Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).
The Consumer Staples Select Sector SPDR Premium Income Fund Stock Down 1.4%
NYSEARCA XLSI traded down $0.34 during midday trading on Friday, hitting $23.25. 4,300 shares of the company traded hands, compared to its average volume of 6,028. The Consumer Staples Select Sector SPDR Premium Income Fund has a 52 week low of $22.87 and a 52 week high of $25.74.
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.
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