Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Grows By 213.3%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 31,907 shares, an increase of 213.3% from the January 15th total of 10,183 shares. Based on an average daily trading volume, of 109,653 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 109,653 shares, the short-interest ratio is currently 0.3 days.

SPDR ICE Preferred Securities ETF Price Performance

NYSEARCA:PSK traded up $0.10 during midday trading on Wednesday, hitting $32.20. 59,912 shares of the company were exchanged, compared to its average volume of 108,704. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.85 and a fifty-two week high of $33.77. The company has a fifty day simple moving average of $32.04 and a 200 day simple moving average of $32.46.

SPDR ICE Preferred Securities ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSK. Cornerstone Planning Group LLC lifted its stake in SPDR ICE Preferred Securities ETF by 1,001.4% in 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 during the last quarter. City Holding Co. acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at $37,000. AE Wealth Management LLC raised its position in SPDR ICE Preferred Securities ETF by 111.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock valued at $43,000 after purchasing an additional 685 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after purchasing an additional 1,327 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in SPDR ICE Preferred Securities ETF by 568.7% during the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after purchasing 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.