The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) Shares Shorted: Short Interest Down 68.8% in September

The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 16,345 shares, a decrease of 68.8% from the September 15th total of 52,424 shares. Based on an average trading volume of 20,568 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.8% of the company’s stock are sold short.

Hedge Funds Weigh In On The Consumer Staples Select Sector SPDR Premium Income Fund

A hedge fund recently bought a new position in The Consumer Staples Select Sector SPDR Premium Income Fund stock. WealthShield Partners LLC bought a new position in shares of The Consumer Staples Select Sector SPDR Premium Income Fund (NYSEARCA:XLSI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,280 shares of the ETF’s stock, valued at approximately $30,000. WealthShield Partners LLC owned 1.16% of The Consumer Staples Select Sector SPDR Premium Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

The Consumer Staples Select Sector SPDR Premium Income Fund Trading Up 1.1%

Shares of NYSEARCA XLSI traded up $0.26 during mid-day trading on Wednesday, hitting $23.40. The company had a trading volume of 12,473 shares, compared to its average volume of 11,029. The Consumer Staples Select Sector SPDR Premium Income Fund has a 1-year low of $22.04 and a 1-year high of $25.51. The business’s 50-day moving average price is $23.18.

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.