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

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 102,840 shares, an increase of 494.1% from the July 15th total of 17,311 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 110,290 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Several large investors have recently made changes to their positions in the business. UBS Group AG lifted its position in shares of SPDR ICE Preferred Securities ETF by 142.9% during the fourth quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after acquiring an additional 382,777 shares in the last quarter. Checchi Capital Advisers LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $6,012,000. Zacks Investment Management bought a new position in SPDR ICE Preferred Securities ETF in the 4th quarter valued at $5,187,000. Cetera Investment Advisers boosted its holdings in SPDR ICE Preferred Securities ETF by 90.6% in the 1st quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock valued at $6,623,000 after purchasing an additional 102,077 shares during the period. Finally, Ameritas Advisory Services LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 63,308.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 60,238 shares of the company’s stock valued at $1,909,000 after purchasing an additional 60,143 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK traded up $0.03 on Wednesday, reaching $29.86. 47,862 shares of the company’s stock traded hands, compared to its average volume of 97,504. The stock’s 50 day simple moving average is $30.44 and its two-hundred day simple moving average is $31.19. SPDR ICE Preferred Securities ETF has a 52-week low of $29.78 and a 52-week high of $33.77.

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.