SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 49,352 shares, a growth of 96.7% from the April 15th total of 25,090 shares. Based on an average daily volume of 52,376 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Greenberg Financial Group acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $675,000. Sage Advisory Services Ltd.Co. lifted its holdings in SPDR ICE Preferred Securities ETF by 9.3% during the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock worth $11,986,000 after buying an additional 30,963 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $6,012,000. RFG Advisory LLC acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $988,000. Finally, UBS Group AG lifted its holdings in SPDR ICE Preferred Securities ETF by 142.9% during the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after buying an additional 382,777 shares in the last quarter.
SPDR ICE Preferred Securities ETF Price Performance
SPDR ICE Preferred Securities ETF stock remained flat at $31.03 during midday trading on Monday. The company had a trading volume of 50,602 shares, compared to its average volume of 99,369. The business has a 50-day simple moving average of $31.34 and a 200-day simple moving average of $31.85. SPDR ICE Preferred Securities ETF has a 12 month low of $30.70 and a 12 month high of $33.77.
SPDR ICE Preferred Securities ETF Company Profile
SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.
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