Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Large Decline in Short Interest

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 15,345 shares, a drop of 66.2% from the June 30th total of 45,368 shares. Based on an average daily trading volume, of 42,119 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in Global X SuperIncome Preferred ETF by 9.4% during the 1st quarter. Bank of America Corp DE now owns 214,622 shares of the company’s stock valued at $1,908,000 after buying an additional 18,508 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Global X SuperIncome Preferred ETF by 26.8% in the 1st quarter. Sei Investments Co. now owns 50,148 shares of the company’s stock worth $446,000 after buying an additional 10,614 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Global X SuperIncome Preferred ETF in the first quarter worth $44,000. Osaic Holdings Inc. increased its position in Global X SuperIncome Preferred ETF by 111.4% during the fourth quarter. Osaic Holdings Inc. now owns 21,897 shares of the company’s stock valued at $204,000 after acquiring an additional 11,538 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Global X SuperIncome Preferred ETF by 55.9% in the fourth quarter. Advisory Services Network LLC now owns 27,567 shares of the company’s stock valued at $257,000 after acquiring an additional 9,883 shares during the period.

Global X SuperIncome Preferred ETF Price Performance

NYSEARCA:SPFF traded down $0.02 during mid-day trading on Tuesday, reaching $9.33. The company’s stock had a trading volume of 39,040 shares, compared to its average volume of 50,150. The firm’s fifty day moving average price is $9.45 and its two-hundred day moving average price is $9.33. Global X SuperIncome Preferred ETF has a 12-month low of $8.79 and a 12-month high of $9.77.

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.