The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Sees Significant Growth in Short Interest

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 23,529 shares, an increase of 141.2% from the April 30th total of 9,755 shares. Based on an average daily trading volume, of 14,839 shares, the short-interest ratio is presently 1.6 days. Approximately 19.6% of the company’s stock are short sold.

The Consumer Staples Select Sector SPDR Premium Income Fund Trading Down 1.4%

Shares of NYSEARCA XLSI traded down $0.34 during trading hours on Friday, hitting $23.25. 4,300 shares of the stock were exchanged, compared to its average volume of 6,028. The Consumer Staples Select Sector SPDR Premium Income Fund has a 12 month low of $22.87 and a 12 month high of $25.74.

Institutional Trading of 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 acquired a new position in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned approximately 1.16% of The Consumer Staples Select Sector SPDR Premium Income Fund at the end of the most recent reporting period.

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.