The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 26,568 shares, an increase of 111.6% from the July 15th total of 12,555 shares. Based on an average trading volume of 12,051 shares, the days-to-cover ratio is presently 2.2 days. Approximately 10.2% of the company’s shares are sold short.
The Consumer Staples Select Sector SPDR Premium Income Fund Stock Performance
Shares of NYSEARCA:XLSI traded up $0.05 during mid-day trading on Friday, reaching $23.72. 5,569 shares of the company were exchanged, compared to its average volume of 7,345. 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 has a 50-day moving average price of $23.49.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC acquired a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 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 quarter.
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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