SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 48.3% in May

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 25,519 shares, a decline of 48.3% from the April 30th total of 49,352 shares. Based on an average trading volume of 67,083 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Equitable Holdings Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 4.0% during the 3rd quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock valued at $285,000 after acquiring an additional 332 shares during the period. Wealthspire Retirement LLC increased its stake in SPDR ICE Preferred Securities ETF by 1.0% during the 1st quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock valued at $1,248,000 after purchasing an additional 405 shares in the last quarter. Comerica Bank increased its stake in SPDR ICE Preferred Securities ETF by 3.8% during the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock valued at $412,000 after purchasing an additional 482 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in SPDR ICE Preferred Securities ETF by 8.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,888 shares of the company’s stock valued at $228,000 after purchasing an additional 518 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in SPDR ICE Preferred Securities ETF by 4.5% during the 4th quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock valued at $421,000 after purchasing an additional 569 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Down 0.6%

Shares of SPDR ICE Preferred Securities ETF stock traded down $0.19 during trading on Monday, reaching $30.88. 57,453 shares of the company traded hands, compared to its average volume of 95,888. SPDR ICE Preferred Securities ETF has a 1-year low of $30.70 and a 1-year high of $33.77. The company has a 50 day moving average price of $31.23 and a 200-day moving average price of $31.76.

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.