SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 5,761 shares, a decrease of 77.4% from the May 14th total of 25,519 shares. Based on an average daily volume of 59,358 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in shares of SPDR ICE Preferred Securities ETF by 142.9% during the fourth quarter. UBS Group AG now owns 650,656 shares of the company’s stock valued at $20,619,000 after buying an additional 382,777 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at about $6,012,000. Zacks Investment Management purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at about $5,187,000. Cetera Investment Advisers lifted its position in shares of SPDR ICE Preferred Securities ETF by 90.6% during the first quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock valued at $6,623,000 after buying an additional 102,077 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 63,308.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 60,238 shares of the company’s stock valued at $1,909,000 after buying an additional 60,143 shares during the last quarter.
SPDR ICE Preferred Securities ETF Trading Down 0.1%
Shares of NYSEARCA:PSK opened at $30.54 on Wednesday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.44 and a 12-month high of $33.77. The business’s fifty day simple moving average is $31.16 and its 200-day simple moving average is $31.68.
About SPDR ICE Preferred Securities ETF
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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