Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Rises By 63.8%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 25,090 shares, an increase of 63.8% from the March 31st total of 15,320 shares. Based on an average daily trading volume, of 103,008 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK stock traded down $0.10 during trading hours on Wednesday, hitting $31.37. 38,204 shares of the company’s stock traded hands, compared to its average volume of 104,692. SPDR ICE Preferred Securities ETF has a 12 month low of $30.70 and a 12 month high of $33.77. The stock’s 50 day simple moving average is $31.56 and its 200 day simple moving average is $31.99.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its holdings in shares of SPDR ICE Preferred Securities ETF by 1,001.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after buying an additional 701 shares during the last quarter. City Holding Co. bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at $37,000. AE Wealth Management LLC increased its stake in shares of SPDR ICE Preferred Securities ETF by 111.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 685 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after purchasing an additional 1,327 shares during the period. Finally, IFP Advisors Inc lifted its position in SPDR ICE Preferred Securities ETF by 568.7% during the fourth 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 in the last quarter.

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.