Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Declines By 94.0%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,919 shares, a decrease of 94.0% from the January 29th total of 31,885 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 51,794 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 51,794 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Global X SuperIncome Preferred ETF Trading Up 0.2%

NYSEARCA SPFF traded up $0.02 during trading hours on Wednesday, reaching $9.31. 28,201 shares of the company’s stock traded hands, compared to its average volume of 44,200. Global X SuperIncome Preferred ETF has a 52-week low of $8.25 and a 52-week high of $9.65. The firm has a 50-day simple moving average of $9.45 and a 200 day simple moving average of $9.33.

Global X SuperIncome Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.047 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC lifted its position in Global X SuperIncome Preferred ETF by 5.7% during the third quarter. Whipplewood Advisors LLC now owns 25,552 shares of the company’s stock valued at $236,000 after purchasing an additional 1,375 shares during the period. Cornerstone Wealth Management LLC boosted its holdings 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 worth $169,000 after buying an additional 1,592 shares during the last quarter. UBS Group AG grew its position in Global X SuperIncome Preferred ETF by 1.1% during the third quarter. UBS Group AG now owns 168,282 shares of the company’s stock valued at $1,555,000 after buying an additional 1,883 shares during the period. Envestnet Asset Management Inc. increased its holdings in Global X SuperIncome Preferred ETF by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 168,443 shares of the company’s stock valued at $1,556,000 after buying an additional 1,932 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in Global X SuperIncome Preferred ETF by 7.5% during the third quarter. Foundations Investment Advisors LLC now owns 27,854 shares of the company’s stock valued at $257,000 after buying an additional 1,935 shares during the last quarter.

Global X SuperIncome Preferred ETF Company Profile

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.