SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Significant Growth in Short Interest

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 31,907 shares, an increase of 213.3% from the January 15th total of 10,183 shares. Based on an average daily volume of 109,653 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 109,653 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Equitable Holdings Inc. lifted its stake in shares of SPDR ICE Preferred Securities ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after acquiring an additional 332 shares during the period. Cornerstone Financial Group LLC NE lifted its position in shares of SPDR ICE Preferred Securities ETF by 1.9% in the 2nd quarter. Cornerstone Financial Group LLC NE now owns 18,194 shares of the company’s stock worth $578,000 after purchasing an additional 345 shares during the period. Comerica Bank lifted its position in shares of SPDR ICE Preferred Securities ETF by 3.8% in the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock worth $412,000 after purchasing an additional 482 shares during the period. Pure Financial Advisors LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 2.0% in the 3rd quarter. Pure Financial Advisors LLC now owns 24,817 shares of the company’s stock valued at $821,000 after purchasing an additional 494 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its position in shares of SPDR ICE Preferred Securities ETF by 8.1% during the third quarter. Stratos Wealth Partners LTD. now owns 6,888 shares of the company’s stock worth $228,000 after buying an additional 518 shares during the period.

SPDR ICE Preferred Securities ETF Price Performance

PSK stock traded up $0.23 during trading on Friday, reaching $32.36. 165,250 shares of the company were exchanged, compared to its average volume of 110,095. The company has a 50-day moving average of $32.06 and a two-hundred day moving average of $32.46. SPDR ICE Preferred Securities ETF has a twelve month low of $30.85 and a twelve month high of $33.77.

SPDR ICE Preferred Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.18 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.7%.

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.