Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Increases By 131.8%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,183 shares, a growth of 131.8% from the December 31st total of 4,393 shares. Based on an average daily volume of 127,158 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 127,158 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Several institutional investors have recently modified their holdings of the stock. City Holding Co. purchased a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter valued at $37,000. AE Wealth Management LLC boosted its stake in SPDR ICE Preferred Securities ETF by 111.4% during the third quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after buying an additional 685 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in SPDR ICE Preferred Securities ETF by 287.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after acquiring an additional 1,327 shares during the last quarter. WFA of San Diego LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at $84,000. Finally, Franklin Resources Inc. purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at $143,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of SPDR ICE Preferred Securities ETF stock traded down $0.07 during trading hours on Friday, reaching $32.31. The company’s stock had a trading volume of 87,521 shares, compared to its average volume of 118,361. The firm has a 50 day moving average price of $32.03 and a 200-day moving average price of $32.45. SPDR ICE Preferred Securities ETF has a one year low of $30.85 and a one year high of $33.88.

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.