SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Up 195.0% in February

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 16,760 shares, a growth of 195.0% from the February 12th total of 5,682 shares. Based on an average trading volume of 144,559 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 144,559 shares, the short-interest ratio is presently 0.1 days.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK traded down $0.15 during trading hours on Wednesday, hitting $31.68. 59,555 shares of the company were exchanged, compared to its average volume of 119,550. The firm has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $32.43. SPDR ICE Preferred Securities ETF has a one year low of $30.85 and a one year high of $33.77.

SPDR ICE Preferred Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

Institutional Trading of SPDR ICE Preferred Securities ETF

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

About SPDR ICE Preferred Securities ETF

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.