Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Significant Growth in Short Interest

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 33,920 shares, a growth of 121.0% from the July 15th total of 15,345 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 46,294 shares, the days-to-cover ratio is presently 0.7 days.

Global X SuperIncome Preferred ETF Trading Down 0.5%

Shares of NYSEARCA SPFF traded down $0.05 during trading on Friday, reaching $9.59. The company had a trading volume of 15,631 shares, compared to its average volume of 50,128. Global X SuperIncome Preferred ETF has a 52 week low of $8.79 and a 52 week high of $9.77. The business’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.32.

Institutional Trading of Global X SuperIncome Preferred ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in Global X SuperIncome Preferred ETF by 111.4% in the 4th quarter. Osaic Holdings Inc. now owns 21,897 shares of the company’s stock valued at $204,000 after buying an additional 11,538 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Global X SuperIncome Preferred ETF by 55.9% during the fourth quarter. Advisory Services Network LLC now owns 27,567 shares of the company’s stock worth $257,000 after acquiring an additional 9,883 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the fourth quarter worth $161,000. Citadel Advisors LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the third quarter worth $361,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Global X SuperIncome Preferred ETF during the third quarter valued at $136,000.

About Global X SuperIncome Preferred ETF

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.