The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 12,555 shares, a decline of 37.2% from the June 30th total of 20,007 shares. Based on an average trading volume of 10,133 shares, the short-interest ratio is presently 1.2 days. Currently, 5.5% of the company’s shares are sold short.
The Consumer Staples Select Sector SPDR Premium Income Fund Stock Up 0.0%
Shares of XLSI stock traded up $0.01 during trading hours on Friday, reaching $23.61. The company had a trading volume of 3,088 shares, compared to its average volume of 7,230. 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’s 50 day simple moving average is $23.44.
Hedge Funds 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 purchased a new stake in The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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.
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