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

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,885 shares, a growth of 1,389.3% from the May 14th total of 328 shares. Based on an average daily volume of 120,385 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Global X SuperIncome Preferred ETF Stock Performance

SPFF stock traded up $0.04 during trading on Tuesday, hitting $9.55. 18,935 shares of the stock traded hands, compared to its average volume of 52,299. Global X SuperIncome Preferred ETF has a 1 year low of $8.70 and a 1 year high of $9.77. The firm’s 50 day moving average is $9.35 and its two-hundred day moving average is $9.32.

Institutional Trading of Global X SuperIncome Preferred ETF

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new stake in shares of Global X SuperIncome Preferred ETF during the 1st quarter valued at about $44,000. Harbour Investments Inc. boosted its holdings in shares of 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 valued at $60,000 after acquiring an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Global X SuperIncome Preferred ETF during the 3rd quarter valued at about $136,000. Jane Street Group LLC purchased a new stake in shares of Global X SuperIncome Preferred ETF during the 4th quarter valued at about $161,000. Finally, Cornerstone Wealth Management LLC boosted its holdings 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.