Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 97.3% in May

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 328 shares, a decrease of 97.3% from the April 30th total of 11,959 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 85,956 shares, the days-to-cover ratio is currently 0.0 days.

Global X SuperIncome Preferred ETF Stock Performance

NYSEARCA:SPFF traded up $0.04 during midday trading on Thursday, hitting $9.58. 41,375 shares of the company traded hands, compared to its average volume of 51,927. The firm’s fifty day moving average is $9.22 and its 200-day moving average is $9.29. Global X SuperIncome Preferred ETF has a 12-month low of $8.65 and a 12-month high of $9.65.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of Global X SuperIncome Preferred ETF during the 3rd quarter worth $361,000. Global Retirement Partners LLC grew its position in shares of Global X SuperIncome Preferred ETF by 88.8% during the 4th quarter. Global Retirement Partners LLC now owns 65,900 shares of the company’s stock worth $614,000 after buying an additional 31,000 shares in the last quarter. Jane Street Group LLC grew its position in shares of Global X SuperIncome Preferred ETF by 45.8% during the 1st quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock worth $883,000 after buying an additional 30,922 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of 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 worth $1,021,000 after buying an additional 24,474 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in shares of Global X SuperIncome Preferred ETF during the 4th quarter worth $177,000.

Global X SuperIncome Preferred ETF Company Profile

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.