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:XLSIGet Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 23,529 shares, a growth of 141.2% from the April 30th total of 9,755 shares. Based on an average daily volume of 14,839 shares, the short-interest ratio is presently 1.6 days. Currently, 19.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC purchased a new position in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSIFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 as of its most recent SEC filing.

The Consumer Staples Select Sector SPDR Premium Income Fund Trading Down 1.9%

NYSEARCA:XLSI opened at $22.80 on Tuesday. The Consumer Staples Select Sector SPDR Premium Income Fund has a 12-month low of $22.75 and a 12-month high of $25.74.

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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