SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 82.2% in February

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 5,682 shares, a drop of 82.2% from the January 29th total of 31,907 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 93,599 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 93,599 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

SPDR ICE Preferred Securities ETF Stock Performance

PSK traded down $0.01 on Wednesday, hitting $32.37. 96,371 shares of the company were exchanged, compared to its average volume of 120,005. The stock’s fifty day moving average is $32.13 and its 200-day moving average is $32.46. SPDR ICE Preferred Securities ETF has a 12 month low of $30.85 and a 12 month high of $33.77.

SPDR ICE Preferred Securities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.7%.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Several institutional investors and hedge funds have recently modified their holdings of PSK. Cornerstone Planning Group LLC raised its holdings in SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after acquiring an additional 701 shares during the period. City Holding Co. bought a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter worth $37,000. AE Wealth Management LLC lifted its position in SPDR ICE Preferred Securities ETF by 111.4% during the third quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 685 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in SPDR ICE Preferred Securities ETF by 287.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after buying an additional 1,327 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in SPDR ICE Preferred Securities ETF by 568.7% during the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after buying an additional 2,218 shares in the last quarter.

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.