Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 94.0% in February

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,919 shares, a decline of 94.0% from the January 29th total of 31,885 shares. Based on an average trading volume of 51,794 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 51,794 shares, the short-interest ratio is presently 0.0 days.

Global X SuperIncome Preferred ETF Price Performance

Global X SuperIncome Preferred ETF stock traded up $0.02 during trading on Wednesday, reaching $9.31. The company had a trading volume of 28,201 shares, compared to its average volume of 44,200. Global X SuperIncome Preferred ETF has a 52 week low of $8.25 and a 52 week high of $9.65. The firm’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.33.

Global X SuperIncome Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.047 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.1%.

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPFF. Allworth Financial LP bought a new stake in Global X SuperIncome Preferred ETF during the 2nd quarter worth approximately $25,000. Harbour Investments Inc. increased its stake in shares of Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after purchasing an additional 2,611 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Global X SuperIncome Preferred ETF in the third quarter worth $136,000. Jane Street Group LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the 4th quarter valued at $161,000. Finally, Cornerstone Wealth Management LLC lifted its stake in shares of Global X SuperIncome Preferred ETF by 9.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after buying an additional 1,592 shares in 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.