Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Expands By 1,127.6%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 70,723 shares, a growth of 1,127.6% from the May 31st total of 5,761 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 69,884 shares, the days-to-cover ratio is currently 1.0 days.

SPDR ICE Preferred Securities ETF Trading Down 0.4%

Shares of SPDR ICE Preferred Securities ETF stock opened at $30.42 on Friday. The firm’s 50-day moving average is $31.07 and its two-hundred day moving average is $31.57. SPDR ICE Preferred Securities ETF has a 1 year low of $30.38 and a 1 year high of $33.77.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in shares of SPDR ICE Preferred Securities ETF by 142.9% during the 4th 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 in the last quarter. Checchi Capital Advisers LLC acquired a new position in SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $6,012,000. Zacks Investment Management purchased a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $5,187,000. Cetera Investment Advisers raised its position in SPDR ICE Preferred Securities ETF by 90.6% during the 1st quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock worth $6,623,000 after buying an additional 102,077 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in SPDR ICE Preferred Securities ETF by 63,308.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 60,238 shares of the company’s stock valued at $1,909,000 after acquiring an additional 60,143 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.