Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 69.9% in August

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,206 shares, a decline of 69.9% from the July 30th total of 33,920 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 47,443 shares, the days-to-cover ratio is presently 0.2 days.

Global X SuperIncome Preferred ETF Stock Performance

Global X SuperIncome Preferred ETF stock remained flat at $9.56 during mid-day trading on Thursday. The company had a trading volume of 32,289 shares, compared to its average volume of 49,415. The business has a 50-day moving average price of $9.42 and a two-hundred day moving average price of $9.33. Global X SuperIncome Preferred ETF has a 52 week low of $8.79 and a 52 week high of $9.77.

Institutional Trading of Global X SuperIncome Preferred ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPFF. Jane Street Group LLC lifted its position in Global X SuperIncome Preferred ETF by 45.8% in the first quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock valued at $883,000 after buying an additional 30,922 shares during the last quarter. Sei Investments Co. increased its position in shares of Global X SuperIncome Preferred ETF by 20.6% during the second quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after acquiring an additional 4,123 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Global X SuperIncome Preferred ETF by 7.6% during the second quarter. Raymond James Financial Inc. now owns 85,999 shares of the company’s stock valued at $771,000 after acquiring an additional 6,060 shares during the last quarter. UBS Group AG raised its stake in shares of Global X SuperIncome Preferred ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock valued at $1,555,000 after acquiring an additional 1,883 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Global X SuperIncome Preferred ETF in the 3rd quarter valued at approximately $136,000.

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.