Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Rises By 494.1%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 102,840 shares, an increase of 494.1% from the July 15th total of 17,311 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 110,290 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Institutional investors have recently modified their holdings of the business. Equitable Holdings Inc. grew its stake in SPDR ICE Preferred Securities ETF by 4.0% during the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after purchasing an additional 332 shares during the period. NewEdge Advisors LLC lifted its stake in SPDR ICE Preferred Securities ETF by 1.4% in the first quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock valued at $795,000 after buying an additional 359 shares during the period. Wealthspire Retirement LLC lifted its stake in SPDR ICE Preferred Securities ETF by 1.0% in the first quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock valued at $1,248,000 after buying an additional 405 shares during the period. Comerica Bank boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 3.8% during the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock worth $412,000 after buying an additional 482 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 4.5% during the 4th quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock worth $421,000 after buying an additional 569 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

PSK traded up $0.09 during trading on Thursday, hitting $29.90. The stock had a trading volume of 102,205 shares, compared to its average volume of 99,217. The company has a 50 day moving average price of $30.42 and a 200-day moving average price of $31.17. SPDR ICE Preferred Securities ETF has a one year low of $29.78 and a one year high of $33.77.

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.