SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Update

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 49,352 shares, a growth of 96.7% from the April 15th total of 25,090 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 52,376 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PSK. UBS Group AG grew its position in shares of SPDR ICE Preferred Securities ETF by 142.9% during the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock valued at $20,619,000 after purchasing an additional 382,777 shares in the last quarter. Checchi Capital Advisers LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at $6,012,000. Zacks Investment Management purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at $5,187,000. Cetera Investment Advisers grew its position in shares of SPDR ICE Preferred Securities ETF by 90.6% during the 1st quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock valued at $6,623,000 after purchasing an additional 102,077 shares in the last quarter. Finally, Elevation Capital Advisory LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at $2,503,000.

SPDR ICE Preferred Securities ETF Stock Performance

PSK opened at $31.03 on Tuesday. The company has a fifty day moving average price of $31.34 and a 200-day moving average price of $31.85. SPDR ICE Preferred Securities ETF has a one year low of $30.70 and a one year high of $33.77.

SPDR ICE Preferred Securities ETF Company Profile

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.