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

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,206 shares, a decline of 69.9% from the July 30th total of 33,920 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 47,443 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC grew 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 worth $169,000 after acquiring an additional 1,592 shares during the period. UBS Group AG raised its stake in Global X SuperIncome Preferred ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock valued at $1,555,000 after acquiring an additional 1,883 shares during the period. Harbour Investments Inc. lifted its holdings in Global X SuperIncome Preferred ETF by 67.8% during the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the last quarter. Sei Investments Co. boosted its position in 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 worth $217,000 after purchasing an additional 4,123 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Global X SuperIncome Preferred ETF in the first quarter worth about $44,000.

Global X SuperIncome Preferred ETF Stock Down 0.7%

SPFF traded down $0.07 during midday trading on Friday, reaching $9.49. The company had a trading volume of 30,991 shares, compared to its average volume of 49,604. Global X SuperIncome Preferred ETF has a 12-month low of $8.79 and a 12-month high of $9.77. The business has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $9.33.

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.