Global X SuperIncome Preferred ETF (NYSEARCA:SPFF – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,642 shares, an increase of 239.4% from the August 15th total of 10,206 shares. Based on an average trading volume of 47,677 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.
Global X SuperIncome Preferred ETF Stock Performance
SPFF stock traded up $0.07 during midday trading on Friday, hitting $9.31. The company’s stock had a trading volume of 27,147 shares, compared to its average volume of 49,336. The firm’s 50-day moving average is $9.41 and its 200-day moving average is $9.33. Global X SuperIncome Preferred ETF has a 12 month low of $8.79 and a 12 month high of $9.77.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in Global X SuperIncome Preferred ETF in the 1st quarter worth about $44,000. Harbour Investments Inc. raised its holdings in shares of Global X SuperIncome Preferred ETF by 67.8% during the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Global X SuperIncome Preferred ETF during the third quarter valued at approximately $136,000. Jane Street Group LLC bought a new position in Global X SuperIncome Preferred ETF during the fourth quarter valued at approximately $161,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in Global X SuperIncome Preferred ETF by 9.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock worth $169,000 after purchasing an additional 1,592 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.
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