Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Drops By 77.4%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 5,761 shares, a decline of 77.4% from the May 14th total of 25,519 shares. Based on an average trading volume of 59,358 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

SPDR ICE Preferred Securities ETF Trading Up 0.1%

NYSEARCA PSK traded up $0.02 on Friday, hitting $30.72. 30,785 shares of the stock were exchanged, compared to its average volume of 94,089. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.44 and a fifty-two week high of $33.77. The company has a 50-day moving average price of $31.15 and a 200-day moving average price of $31.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greenberg Financial Group acquired a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $675,000. UBS Group AG boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 142.9% in the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock valued at $20,619,000 after buying an additional 382,777 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at $6,012,000. Sage Advisory Services Ltd.Co. boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 9.3% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after buying an additional 30,963 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at $988,000.

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.