Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Grows By 274.3%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 31,885 shares, an increase of 274.3% from the January 15th total of 8,519 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 46,364 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 46,364 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of Global X SuperIncome Preferred ETF

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in shares of Global X SuperIncome Preferred ETF during the second quarter valued at about $25,000. Harbour Investments Inc. boosted its holdings in Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter valued at approximately $136,000. Cornerstone Wealth Management LLC grew its stake in Global X SuperIncome Preferred ETF by 9.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Global X SuperIncome Preferred ETF during the 4th quarter worth approximately $177,000.

Global X SuperIncome Preferred ETF Stock Performance

Shares of SPFF traded down $0.02 on Wednesday, hitting $9.39. 24,545 shares of the stock traded hands, compared to its average volume of 44,931. Global X SuperIncome Preferred ETF has a 1 year low of $8.25 and a 1 year high of $9.65. The stock’s 50 day moving average is $9.46 and its two-hundred day moving average is $9.32.

Global X SuperIncome Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.047 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

About Global X SuperIncome Preferred ETF

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.