Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Drops By 19.1%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 15,320 shares, a decrease of 19.1% from the March 15th total of 18,943 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 92,981 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PSK. Rockefeller Capital Management L.P. boosted its position in SPDR ICE Preferred Securities ETF by 164.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 45,908 shares of the company’s stock valued at $1,455,000 after buying an additional 28,533 shares during the last quarter. Amicus Financial Advisors LLC acquired a new position in SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $240,000. WealthPoint Financial LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $259,000. Wealthspire Retirement LLC grew its position in shares of SPDR ICE Preferred Securities ETF by 9.2% during the 4th quarter. Wealthspire Retirement LLC now owns 40,048 shares of the company’s stock worth $1,269,000 after buying an additional 3,367 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 2.6% during the fourth quarter. NewEdge Advisors LLC now owns 25,431 shares of the company’s stock worth $806,000 after buying an additional 636 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Up 0.3%

NYSEARCA:PSK traded up $0.10 during mid-day trading on Friday, reaching $31.57. 27,828 shares of the company were exchanged, compared to its average volume of 110,471. SPDR ICE Preferred Securities ETF has a 12 month low of $30.70 and a 12 month high of $33.77. The company has a fifty day moving average of $31.67 and a 200 day moving average of $32.08.

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.