Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Grows By 213.3%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 31,907 shares, a growth of 213.3% from the January 15th total of 10,183 shares. Based on an average daily volume of 109,653 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 109,653 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PSK. UBS Group AG increased its stake in shares of SPDR ICE Preferred Securities ETF by 142.9% during the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock valued at $20,619,000 after acquiring an additional 382,777 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR ICE Preferred Securities ETF by 2.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 594,492 shares of the company’s stock worth $19,660,000 after acquiring an additional 12,391 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 13.9% in the 3rd quarter. Park Avenue Securities LLC now owns 528,890 shares of the company’s stock worth $17,490,000 after acquiring an additional 64,707 shares during the period. LPL Financial LLC grew its holdings in SPDR ICE Preferred Securities ETF by 2.8% during the 4th quarter. LPL Financial LLC now owns 477,119 shares of the company’s stock valued at $15,120,000 after purchasing an additional 12,919 shares in the last quarter. Finally, Sage Advisory Services Ltd.Co. grew its holdings in SPDR ICE Preferred Securities ETF by 9.3% during the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after purchasing an additional 30,963 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK stock traded up $0.10 during trading hours on Wednesday, reaching $32.20. 59,912 shares of the company’s stock were exchanged, compared to its average volume of 108,704. The company’s 50 day moving average is $32.04 and its two-hundred day moving average is $32.46. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $33.77.

SPDR ICE Preferred Securities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.18 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.7%.

SPDR ICE Preferred Securities ETF Company Profile

SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.