Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 38.0% in June

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 45,368 shares, a decrease of 38.0% from the June 15th total of 73,173 shares. Based on an average daily volume of 49,567 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Global X SuperIncome Preferred ETF Stock Down 0.3%

SPFF stock opened at $9.34 on Friday. The firm’s fifty day moving average is $9.47 and its 200 day moving average is $9.34. Global X SuperIncome Preferred ETF has a 52 week low of $8.79 and a 52 week high of $9.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPFF. LPL Financial LLC lifted its stake in shares of Global X SuperIncome Preferred ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 642,722 shares of the company’s stock valued at $5,990,000 after acquiring an additional 7,607 shares during the last quarter. Bank of America Corp DE grew its position in Global X SuperIncome Preferred ETF by 9.4% during the 1st quarter. Bank of America Corp DE now owns 214,622 shares of the company’s stock worth $1,908,000 after acquiring an additional 18,508 shares during the last quarter. UBS Group AG increased its stake in Global X SuperIncome Preferred ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,883 shares during the period. Raymond James Financial Inc. increased its stake in Global X SuperIncome Preferred ETF by 28.5% in the 3rd quarter. Raymond James Financial Inc. now owns 110,473 shares of the company’s stock worth $1,021,000 after purchasing an additional 24,474 shares during the period. Finally, Jane Street Group LLC lifted its position in Global X SuperIncome Preferred ETF by 45.8% in the first quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock valued at $883,000 after purchasing an additional 30,922 shares during the last quarter.

About Global X SuperIncome Preferred ETF

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.