SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 15,929 shares, a decrease of 77.5% from the June 15th total of 70,723 shares. Based on an average daily volume of 99,902 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF
A number of hedge funds have recently modified their holdings of PSK. Cornerstone Planning Group LLC boosted its position in SPDR ICE Preferred Securities ETF by 1,001.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after acquiring an additional 701 shares during the period. City Holding Co. purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 287.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after purchasing an additional 1,327 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 568.7% during the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after purchasing an additional 2,218 shares during the period. Finally, WFA of San Diego LLC purchased a new position in SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $84,000.
SPDR ICE Preferred Securities ETF Trading Down 0.3%
NYSEARCA:PSK traded down $0.08 during trading hours on Friday, reaching $30.40. 84,149 shares of the company’s stock were exchanged, compared to its average volume of 94,694. SPDR ICE Preferred Securities ETF has a 12 month low of $30.35 and a 12 month high of $33.77. The business’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $31.47.
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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