The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Shares Shorted: Short Interest Down 68.8% in September

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 16,345 shares, a decline of 68.8% from the September 15th total of 52,424 shares. Based on an average trading volume of 20,568 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.8% of the company’s stock are sold short.

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 acquired a new position in shares of The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned about 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 Up 0.7%

NYSEARCA XLSI traded up $0.17 during mid-day trading on Monday, reaching $23.11. 6,818 shares of the company’s stock traded hands, compared to its average volume of 10,979. The firm’s fifty day simple moving average is $23.19. The Consumer Staples Select Sector SPDR Premium Income Fund has a 1-year low of $22.04 and a 1-year high of $25.51.

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.