Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 69.9% in August

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,206 shares, a decline of 69.9% from the July 30th total of 33,920 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 47,443 shares, the short-interest ratio is presently 0.2 days.

Global X SuperIncome Preferred ETF Price Performance

Shares of SPFF stock remained flat at $9.56 during trading hours on Thursday. The stock had a trading volume of 32,289 shares, compared to its average volume of 49,415. Global X SuperIncome Preferred ETF has a 1-year low of $8.79 and a 1-year high of $9.77. The stock has a 50-day simple moving average of $9.42 and a two-hundred day simple moving average of $9.33.

Institutional Trading of Global X SuperIncome Preferred ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in shares of Global X SuperIncome Preferred ETF by 45.8% during 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 during the period. Sei Investments Co. grew its holdings in shares of Global X SuperIncome Preferred ETF by 20.6% in the second quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after purchasing an additional 4,123 shares during the period. Raymond James Financial Inc. increased its position in Global X SuperIncome Preferred ETF by 7.6% during the second quarter. Raymond James Financial Inc. now owns 85,999 shares of the company’s stock worth $771,000 after purchasing an additional 6,060 shares during the last quarter. UBS Group AG raised its stake in Global X SuperIncome Preferred ETF by 1.1% during the third quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,883 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Global X SuperIncome Preferred ETF during the third quarter worth about $136,000.

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.