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

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 34,642 shares, an increase of 239.4% from the August 15th total of 10,206 shares. Based on an average trading volume of 47,677 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Global X SuperIncome Preferred ETF Price Performance

NYSEARCA SPFF traded up $0.07 on Friday, reaching $9.31. The company had a trading volume of 27,147 shares, compared to its average volume of 49,336. Global X SuperIncome Preferred ETF has a 1-year low of $8.79 and a 1-year high of $9.77. The company’s fifty day moving average is $9.41 and its 200-day moving average is $9.33.

Hedge Funds Weigh In On Global X SuperIncome Preferred ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Global X SuperIncome Preferred ETF during the first quarter worth approximately $44,000. Harbour Investments Inc. lifted its position in shares of Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after buying an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Global X SuperIncome Preferred ETF during the 3rd quarter worth approximately $136,000. Jane Street Group LLC bought a new position in shares of Global X SuperIncome Preferred ETF during the 4th quarter worth approximately $161,000. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Global X SuperIncome Preferred ETF by 9.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock worth $169,000 after acquiring an additional 1,592 shares during the period.

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.