Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Decreases By 66.2%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 15,345 shares, a decrease of 66.2% from the June 30th total of 45,368 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 42,119 shares, the short-interest ratio is currently 0.4 days.

Global X SuperIncome Preferred ETF Trading Up 0.6%

SPFF traded up $0.06 during trading on Monday, reaching $9.35. The company’s stock had a trading volume of 26,543 shares, compared to its average volume of 50,229. The firm has a fifty day simple moving average of $9.45 and a two-hundred day simple moving average of $9.33. Global X SuperIncome Preferred ETF has a 1 year low of $8.79 and a 1 year high of $9.77.

Hedge Funds Weigh In On Global X SuperIncome Preferred ETF

A number of institutional investors have recently added to or reduced their stakes in SPFF. Fifth Third Bancorp acquired a new position in Global X SuperIncome Preferred ETF during the first quarter worth $44,000. Harbour Investments Inc. increased its stake in shares of Global X SuperIncome Preferred ETF by 67.8% in 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 last quarter. Ameriprise Financial Inc. purchased a new position in shares of Global X SuperIncome Preferred ETF during the 3rd quarter worth $136,000. Jane Street Group LLC purchased a new position in shares of Global X SuperIncome Preferred ETF during the 4th quarter worth $161,000. Finally, Cornerstone Wealth Management LLC boosted its position in shares of 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 acquiring an additional 1,592 shares during the last quarter.

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.