Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Large Increase in Short Interest

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 33,920 shares, an increase of 121.0% from the July 15th total of 15,345 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 46,294 shares, the short-interest ratio is currently 0.7 days.

Global X SuperIncome Preferred ETF Stock Down 0.5%

Global X SuperIncome Preferred ETF stock traded down $0.05 during midday trading on Friday, hitting $9.59. 15,631 shares of the stock were exchanged, compared to its average volume of 50,128. Global X SuperIncome Preferred ETF has a 52-week low of $8.79 and a 52-week high of $9.77. The business’s 50-day moving average price is $9.43 and its 200-day moving average price is $9.32.

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SPFF. Fifth Third Bancorp bought a new position in shares of Global X SuperIncome Preferred ETF in the 1st quarter worth approximately $44,000. Harbour Investments Inc. grew its position 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 buying an additional 2,611 shares during the period. Ameriprise Financial Inc. purchased a new stake in Global X SuperIncome Preferred ETF during the third quarter valued at approximately $136,000. Jane Street Group LLC purchased a new stake in Global X SuperIncome Preferred ETF during the fourth quarter valued at approximately $161,000. Finally, Cornerstone Wealth Management LLC increased its holdings in Global X SuperIncome Preferred ETF by 9.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after buying an additional 1,592 shares during the last quarter.

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.