Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Large Increase in Short Interest

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 33,920 shares, a growth of 121.0% from the July 15th total of 15,345 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 46,294 shares, the short-interest ratio is currently 0.7 days.

Global X SuperIncome Preferred ETF Price Performance

NYSEARCA SPFF traded down $0.05 on Friday, hitting $9.59. 15,631 shares of the company traded hands, compared to its average volume of 50,128. The business’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.32. Global X SuperIncome Preferred ETF has a 52-week low of $8.79 and a 52-week high of $9.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its position in shares of Global X SuperIncome Preferred ETF by 7.6% during the 2nd quarter. Raymond James Financial Inc. now owns 85,999 shares of the company’s stock valued at $771,000 after buying an additional 6,060 shares in the last quarter. Jane Street Group LLC increased its holdings in Global X SuperIncome Preferred ETF by 45.8% in the 1st quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock worth $883,000 after acquiring an additional 30,922 shares in the last quarter. LPL Financial LLC raised its stake in Global X SuperIncome Preferred ETF by 1.2% during the 4th quarter. LPL Financial LLC now owns 642,722 shares of the company’s stock worth $5,990,000 after acquiring an additional 7,607 shares during the period. UBS Group AG raised its stake in Global X SuperIncome Preferred ETF by 1.1% during the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after acquiring an additional 1,883 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Global X SuperIncome Preferred ETF by 55.9% during the fourth quarter. Advisory Services Network LLC now owns 27,567 shares of the company’s stock valued at $257,000 after purchasing an additional 9,883 shares in the last quarter.

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.