Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Update

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 31,885 shares, a growth of 274.3% from the January 15th total of 8,519 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 46,364 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 46,364 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPFF. LPL Financial LLC lifted its stake in Global X SuperIncome Preferred ETF by 1.2% in the 4th quarter. LPL Financial LLC now owns 642,722 shares of the company’s stock valued at $5,990,000 after buying an additional 7,607 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Global X SuperIncome Preferred ETF in the fourth quarter valued at $177,000. Harbour Investments Inc. boosted its stake in shares of Global X SuperIncome Preferred ETF by 67.8% during the fourth 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. Global Retirement Partners LLC increased its position in Global X SuperIncome Preferred ETF by 88.8% during the 4th quarter. Global Retirement Partners LLC now owns 65,900 shares of the company’s stock worth $614,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in Global X SuperIncome Preferred ETF by 9.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares during the last quarter.

Global X SuperIncome Preferred ETF Stock Down 0.2%

Global X SuperIncome Preferred ETF stock traded down $0.02 during trading hours on Wednesday, hitting $9.39. The stock had a trading volume of 24,545 shares, compared to its average volume of 44,931. Global X SuperIncome Preferred ETF has a 1-year low of $8.25 and a 1-year high of $9.65. The stock’s fifty day moving average is $9.46 and its two-hundred day moving average is $9.32.

Global X SuperIncome Preferred ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.047 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.