Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Increases By 195.0%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 16,760 shares, an increase of 195.0% from the February 12th total of 5,682 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 144,559 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 144,559 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

SPDR ICE Preferred Securities ETF Stock Performance

PSK stock traded down $0.15 on Wednesday, reaching $31.68. The company’s stock had a trading volume of 59,555 shares, compared to its average volume of 119,550. SPDR ICE Preferred Securities ETF has a 52 week low of $30.85 and a 52 week high of $33.77. The firm has a fifty day moving average of $32.18 and a two-hundred day moving average of $32.43.

SPDR ICE Preferred Securities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sage Advisory Services Ltd.Co. increased its stake in shares of SPDR ICE Preferred Securities ETF by 9.3% during the third quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after acquiring an additional 30,963 shares during the period. Osaic Holdings Inc. lifted its position in SPDR ICE Preferred Securities ETF by 54.4% in the second quarter. Osaic Holdings Inc. now owns 54,067 shares of the company’s stock worth $1,718,000 after purchasing an additional 19,052 shares during the period. Park Avenue Securities LLC boosted its stake in SPDR ICE Preferred Securities ETF by 13.9% during the 3rd quarter. Park Avenue Securities LLC now owns 528,890 shares of the company’s stock valued at $17,490,000 after purchasing an additional 64,707 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at $2,503,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter valued at $220,000.

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.