Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Up 1,397.9% in June

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 73,173 shares, a growth of 1,397.9% from the May 31st total of 4,885 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 49,552 shares, the days-to-cover ratio is presently 1.5 days.

Global X SuperIncome Preferred ETF Stock Performance

Global X SuperIncome Preferred ETF stock traded down $0.04 during midday trading on Thursday, reaching $9.38. 35,988 shares of the stock traded hands, compared to its average volume of 51,794. The company has a 50-day simple moving average of $9.49 and a two-hundred day simple moving average of $9.35. Global X SuperIncome Preferred ETF has a 12-month low of $8.79 and a 12-month high of $9.77.

Institutional Trading of Global X SuperIncome Preferred ETF

Several hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC boosted its stake in shares of Global X SuperIncome Preferred ETF by 9.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares during the period. UBS Group AG increased its stake in Global X SuperIncome Preferred ETF by 1.1% during the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after buying an additional 1,883 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Global X SuperIncome Preferred ETF by 1.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 168,443 shares of the company’s stock worth $1,556,000 after buying an additional 1,932 shares in the last quarter. Harbour Investments Inc. boosted its position in Global X SuperIncome Preferred ETF by 67.8% in the 4th 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. Finally, Sei Investments Co. boosted its position in Global X SuperIncome Preferred ETF by 20.6% in the 2nd quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after buying an additional 4,123 shares during the period.

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.