Global X SuperIncome Preferred ETF (NYSEARCA:SPFF – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 34,642 shares, a growth of 239.4% from the August 15th total of 10,206 shares. Based on an average daily volume of 47,677 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Trading of Global X SuperIncome Preferred ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Global X SuperIncome Preferred ETF during the third quarter worth about $361,000. Global Retirement Partners LLC boosted its stake in Global X SuperIncome Preferred ETF by 88.8% in the 4th quarter. Global Retirement Partners LLC now owns 65,900 shares of the company’s stock worth $614,000 after purchasing an additional 31,000 shares during the period. Jane Street Group LLC boosted its stake in Global X SuperIncome Preferred ETF by 45.8% in the 1st quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock worth $883,000 after purchasing an additional 30,922 shares during the period. NewEdge Advisors LLC grew its holdings in Global X SuperIncome Preferred ETF by 72.4% during the 2nd quarter. NewEdge Advisors LLC now owns 68,723 shares of the company’s stock valued at $644,000 after buying an additional 28,865 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Global X SuperIncome Preferred ETF by 28.5% during the 3rd quarter. Raymond James Financial Inc. now owns 110,473 shares of the company’s stock valued at $1,021,000 after buying an additional 24,474 shares in the last quarter.
Global X SuperIncome Preferred ETF Stock Performance
NYSEARCA:SPFF traded up $0.07 during mid-day trading on Friday, hitting $9.31. 27,147 shares of the company traded hands, compared to its average volume of 49,336. The stock’s fifty day moving average price is $9.41 and its 200-day moving average price is $9.33. Global X SuperIncome Preferred ETF has a one year low of $8.79 and a one year high of $9.77.
About Global X SuperIncome Preferred ETF
The Global X SuperIncome Preferred ETF (SPFF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of 50 of the highest-yielding preferred securities that are traded in the US and Canada. SPFF was launched on Jul 17, 2012 and is managed by Global X.
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