Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Rises By 4,125.8%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 11,959 shares, an increase of 4,125.8% from the April 15th total of 283 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 31,488 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Global X SuperIncome Preferred ETF

A number of hedge funds have recently modified their holdings of SPFF. Citadel Advisors LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the 3rd quarter valued at $361,000. Global Retirement Partners LLC boosted its holdings in shares of Global X SuperIncome Preferred ETF by 88.8% during the 4th quarter. Global Retirement Partners LLC now owns 65,900 shares of the company’s stock valued at $614,000 after buying an additional 31,000 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Global X SuperIncome Preferred ETF by 45.8% during the 1st quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock valued at $883,000 after buying an additional 30,922 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Global X SuperIncome Preferred ETF by 28.5% during the 3rd quarter. Raymond James Financial Inc. now owns 110,473 shares of the company’s stock valued at $1,021,000 after buying an additional 24,474 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Global X SuperIncome Preferred ETF during the 4th quarter valued at $177,000.

Global X SuperIncome Preferred ETF Stock Down 0.5%

Global X SuperIncome Preferred ETF stock traded down $0.05 during mid-day trading on Monday, reaching $9.47. 40,018 shares of the company traded hands, compared to its average volume of 39,793. The firm’s 50 day moving average price is $9.11 and its 200 day moving average price is $9.26. Global X SuperIncome Preferred ETF has a 52-week low of $8.65 and a 52-week high of $9.65.

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.