SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 102,840 shares, an increase of 494.1% from the July 15th total of 17,311 shares. Based on an average daily trading volume, of 110,290 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after buying an additional 701 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 568.7% during the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after acquiring an additional 2,218 shares during the last quarter. WFA of San Diego LLC purchased a new position in SPDR ICE Preferred Securities ETF in the second quarter worth $84,000. International Assets Investment Management LLC purchased a new position in SPDR ICE Preferred Securities ETF in the fourth quarter worth $133,000. Finally, Franklin Resources Inc. bought a new position in SPDR ICE Preferred Securities ETF in the second quarter valued at $143,000.
SPDR ICE Preferred Securities ETF Price Performance
NYSEARCA PSK traded up $0.03 during trading on Wednesday, reaching $29.86. The company’s stock had a trading volume of 47,862 shares, compared to its average volume of 97,504. The firm has a fifty day moving average of $30.44 and a 200 day moving average of $31.19. SPDR ICE Preferred Securities ETF has a one year low of $29.78 and a one year 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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