Global X SuperIncome Preferred ETF (NYSEARCA:SPFF – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,885 shares, an increase of 1,389.3% from the May 14th total of 328 shares. Based on an average trading volume of 120,385 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Global X SuperIncome Preferred ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Global X SuperIncome Preferred ETF during the 1st quarter worth approximately $44,000. Harbour Investments Inc. raised its stake in Global X SuperIncome Preferred ETF by 67.8% during the 4th quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after acquiring an additional 2,611 shares during the period. Ameriprise Financial Inc. bought a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter worth approximately $136,000. Jane Street Group LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the fourth quarter valued at approximately $161,000. Finally, Cornerstone Wealth Management LLC raised its position in shares of Global X SuperIncome Preferred ETF by 9.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after buying an additional 1,592 shares during the last quarter.
Global X SuperIncome Preferred ETF Price Performance
NYSEARCA SPFF traded up $0.04 on Tuesday, reaching $9.55. 18,935 shares of the stock were exchanged, compared to its average volume of 52,299. Global X SuperIncome Preferred ETF has a one year low of $8.70 and a one year high of $9.77. The company’s 50-day simple moving average is $9.35 and its two-hundred day simple moving average is $9.32.
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.
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