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

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

The Consumer Staples Select Sector SPDR Premium Income Fund Stock Performance

XLSI traded up $0.01 on Friday, hitting $23.61. The company had a trading volume of 5,118 shares, compared to its average volume of 7,244. The stock’s fifty day simple moving average is $23.44. 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.

Institutional Trading of The Consumer Staples Select Sector SPDR Premium Income Fund

An institutional investor recently bought a new position 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 its most recent filing with the SEC. The firm bought 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 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.