SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Up 131.8% in January

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,183 shares, an increase of 131.8% from the December 31st total of 4,393 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 127,158 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 127,158 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of SPDR ICE Preferred Securities ETF

Institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its stake in SPDR ICE Preferred Securities ETF by 3.8% in the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock valued at $412,000 after buying an additional 482 shares in the last quarter. UBS Group AG raised its holdings in shares of SPDR ICE Preferred Securities ETF by 142.9% in the fourth quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after acquiring an additional 382,777 shares during the last quarter. FORM Wealth Advisors LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at $256,000. Breachway Investments LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at $751,000. Finally, Checchi Capital Advisers LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at $6,012,000.

SPDR ICE Preferred Securities ETF Trading Down 0.2%

SPDR ICE Preferred Securities ETF stock traded down $0.07 during mid-day trading on Friday, reaching $32.31. The company had a trading volume of 87,521 shares, compared to its average volume of 118,361. The stock’s 50-day simple moving average is $32.03 and its 200-day simple moving average is $32.45. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $33.88.

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.