The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Stock Short Interest Climbs 176.6%

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 52,424 shares, a growth of 176.6% from the August 31st total of 18,953 shares. Approximately 6.1% of the company’s shares are short sold. Based on an average daily volume of 59,042 shares, the short-interest ratio is presently 0.9 days.

The Consumer Staples Select Sector SPDR Premium Income Fund Price Performance

NYSEARCA XLSI opened at $22.91 on Tuesday. The Consumer Staples Select Sector SPDR Premium Income Fund has a fifty-two week low of $22.70 and a fifty-two week high of $25.51. The stock has a 50 day simple moving average of $23.37.

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 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

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.