Short Interest in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Expands By 111.6%

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) saw a significant increase in short interest in 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. Approximately 10.2% of the company’s stock are sold short. Based on an average daily volume of 12,051 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On 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 acquired a new position in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

The Consumer Staples Select Sector SPDR Premium Income Fund Trading Up 0.2%

The Consumer Staples Select Sector SPDR Premium Income Fund stock traded up $0.05 on Friday, hitting $23.72. 5,569 shares of the stock traded hands, 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 firm has a fifty day moving average of $23.49.

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.