Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Expands By 107.4%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFFGet Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,369 shares, a growth of 107.4% from the March 15th total of 660 shares. Based on an average trading volume of 34,124 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. boosted its stake in shares of Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Global X SuperIncome Preferred ETF in the third quarter valued at $136,000. Jane Street Group LLC purchased a new position in shares of Global X SuperIncome Preferred ETF in the fourth quarter valued at $161,000. Cornerstone Wealth Management LLC boosted its stake in shares of Global X SuperIncome Preferred ETF by 9.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Global X SuperIncome Preferred ETF in the fourth quarter valued at $177,000.

Global X SuperIncome Preferred ETF Price Performance

Shares of Global X SuperIncome Preferred ETF stock traded up $0.11 during trading hours on Tuesday, hitting $9.22. The company’s stock had a trading volume of 42,905 shares, compared to its average volume of 40,865. The business has a fifty day moving average of $9.09 and a 200 day moving average of $9.25. Global X SuperIncome Preferred ETF has a 1-year low of $8.43 and a 1-year high of $9.65.

Global X SuperIncome Preferred ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. This is a boost from Global X SuperIncome Preferred ETF’s previous monthly dividend of $0.05. The ex-dividend date was Monday, March 2nd.

About Global X SuperIncome Preferred ETF

(Get Free Report)

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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