SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Up 96.7% in April

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 49,352 shares, an increase of 96.7% from the April 15th total of 25,090 shares. Based on an average trading volume of 52,376 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently bought and sold shares of the stock. Greenberg Financial Group acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $675,000. Sage Advisory Services Ltd.Co. boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 9.3% in the third quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after acquiring an additional 30,963 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $6,012,000. RFG Advisory LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $988,000. Finally, Elevation Capital Advisory LLC bought a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth approximately $2,503,000.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK traded down $0.29 during trading hours on Friday, reaching $31.03. 39,727 shares of the company’s stock traded hands, compared to its average volume of 99,894. SPDR ICE Preferred Securities ETF has a twelve month low of $30.70 and a twelve month high of $33.77. The business’s fifty day simple moving average is $31.36 and its two-hundred day simple moving average is $31.87.

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.