The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 10,529 shares, a decrease of 55.3% from the May 14th total of 23,529 shares. Currently, 8.8% of the shares of the company are sold short. Based on an average daily trading volume, of 5,635 shares, the days-to-cover ratio is presently 1.9 days.
The Consumer Staples Select Sector SPDR Premium Income Fund Stock Down 0.2%
XLSI traded down $0.05 on Monday, hitting $23.78. The company’s stock had a trading volume of 12,379 shares, compared to its average volume of 6,389. The Consumer Staples Select Sector SPDR Premium Income Fund has a 12 month low of $22.70 and a 12 month high of $25.74.
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 shares of The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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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