SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 82.2% in February

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 5,682 shares, a decrease of 82.2% from the January 29th total of 31,907 shares. Based on an average daily volume of 93,599 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 93,599 shares, the days-to-cover ratio is presently 0.1 days.

SPDR ICE Preferred Securities ETF Stock Performance

PSK stock traded down $0.01 during trading on Wednesday, hitting $32.37. The company had a trading volume of 96,371 shares, compared to its average volume of 120,005. The firm has a 50-day moving average price of $32.13 and a 200-day moving average price of $32.46. SPDR ICE Preferred Securities ETF has a 12 month low of $30.85 and a 12 month high of $33.77.

SPDR ICE Preferred Securities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.18 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.7%.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSK. Cornerstone Planning Group LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after purchasing an additional 701 shares during the last quarter. City Holding Co. acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth $37,000. AE Wealth Management LLC grew its holdings in SPDR ICE Preferred Securities ETF by 111.4% during the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after acquiring an additional 685 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SPDR ICE Preferred Securities ETF by 287.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after acquiring an additional 1,327 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of SPDR ICE Preferred Securities ETF by 568.7% in the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock valued at $83,000 after purchasing an additional 2,218 shares during the period.

About SPDR ICE Preferred Securities ETF

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.