Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Up 1,397.9% in June

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 73,173 shares, an increase of 1,397.9% from the May 31st total of 4,885 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 49,552 shares, the short-interest ratio is presently 1.5 days.

Global X SuperIncome Preferred ETF Price Performance

Shares of SPFF stock traded down $0.08 during trading hours on Friday, reaching $9.34. The company had a trading volume of 4,327 shares, compared to its average volume of 51,794. The stock has a fifty day moving average of $9.49 and a 200-day moving average of $9.35. Global X SuperIncome Preferred ETF has a 12-month low of $8.79 and a 12-month high of $9.77.

Institutional Trading of Global X SuperIncome Preferred ETF

Large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in shares of Global X SuperIncome Preferred ETF during the 1st quarter worth $44,000. Harbour Investments Inc. grew its holdings in shares of Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the period. Ameriprise Financial Inc. acquired a new stake in Global X SuperIncome Preferred ETF during the third quarter worth about $136,000. Jane Street Group LLC acquired a new stake in Global X SuperIncome Preferred ETF during the fourth quarter worth about $161,000. Finally, Cornerstone Wealth Management LLC increased its position in Global X SuperIncome Preferred ETF by 9.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock worth $169,000 after purchasing an additional 1,592 shares during 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.