SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 77.5% in June

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 15,929 shares, a decline of 77.5% from the June 15th total of 70,723 shares. Based on an average daily volume of 99,902 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of SPDR ICE Preferred Securities ETF by 0.8% in the 4th quarter. Royal Bank of Canada now owns 901,400 shares of the company’s stock valued at $28,566,000 after acquiring an additional 7,186 shares during the period. UBS Group AG grew its position in 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 worth $20,619,000 after purchasing an additional 382,777 shares during the last quarter. LPL Financial LLC increased its stake in SPDR ICE Preferred Securities ETF by 2.8% in the fourth 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 during the period. Raymond James Financial Inc. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 9.6% in the third quarter. Raymond James Financial Inc. now owns 334,976 shares of the company’s stock valued at $11,078,000 after buying an additional 29,269 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of SPDR ICE Preferred Securities ETF by 14.4% in the first quarter. Bank of America Corp DE now owns 259,438 shares of the company’s stock valued at $8,001,000 after buying an additional 32,597 shares during the last quarter.

SPDR ICE Preferred Securities ETF Trading Down 0.3%

NYSEARCA:PSK traded down $0.08 during mid-day trading on Friday, reaching $30.40. 84,149 shares of the stock were exchanged, compared to its average volume of 94,694. SPDR ICE Preferred Securities ETF has a 1 year low of $30.35 and a 1 year high of $33.77. The company has a 50 day simple moving average of $30.84 and a 200-day simple moving average of $31.47.

About SPDR ICE Preferred Securities ETF

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.