Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Significant Decrease in Short Interest

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

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC boosted its holdings in Global X SuperIncome Preferred ETF by 9.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares during the period. UBS Group AG increased its holdings in shares of Global X SuperIncome Preferred ETF by 1.1% during 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. Harbour Investments Inc. increased its holdings in shares of Global X SuperIncome Preferred ETF by 67.8% during the 4th quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after purchasing an additional 2,611 shares during the period. Sei Investments Co. raised its position in shares of Global X SuperIncome Preferred ETF by 20.6% during the second quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after buying an additional 4,123 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Global X SuperIncome Preferred ETF during the first quarter valued at about $44,000.

Global X SuperIncome Preferred ETF Trading Down 0.3%

SPFF opened at $9.34 on Friday. The stock has a 50-day moving average of $9.47 and a 200-day moving average of $9.34. Global X SuperIncome Preferred ETF has a 52-week low of $8.79 and a 52-week high of $9.77.

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.