The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Sees Large Decline in Short Interest

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSIGet Free Report) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 10,529 shares, a decline of 55.3% from the May 14th total of 23,529 shares. Based on an average daily trading volume, of 5,635 shares, the days-to-cover ratio is currently 1.9 days. Currently, 8.8% of the shares of the stock are sold short.

The Consumer Staples Select Sector SPDR Premium Income Fund Stock Performance

Shares of XLSI traded up $0.15 during trading hours on Friday, reaching $23.83. 13,374 shares of the stock traded hands, compared to its average volume of 6,336. The Consumer Staples Select Sector SPDR Premium Income Fund has a 52-week low of $22.70 and a 52-week high of $25.74.

Institutional Inflows and Outflows

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 stake in shares of The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSIFree Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.

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.

Recommended Stories

Receive News & Ratings for The Consumer Staples Select Sector SPDR Premium Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Consumer Staples Select Sector SPDR Premium Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.