The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Short Interest Down 55.3% in May

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) saw a large decrease in short interest during the month of 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. Based on an average trading volume of 5,635 shares, the short-interest ratio is presently 1.9 days. Currently, 8.8% of the company’s stock are sold short.

The Consumer Staples Select Sector SPDR Premium Income Fund Stock Performance

Shares of XLSI traded up $0.15 on Friday, reaching $23.83. The company’s stock had a trading volume of 13,374 shares, compared to its average volume of 6,336. The Consumer Staples Select Sector SPDR Premium Income Fund has a twelve month low of $22.70 and a twelve month high of $25.74.

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 bought 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 SEC. The institutional investor 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 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.