SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 77.4% in May

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 5,761 shares, a decline of 77.4% from the May 14th total of 25,519 shares. Based on an average daily volume of 59,358 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK traded up $0.02 during mid-day trading on Friday, reaching $30.72. The company had a trading volume of 30,785 shares, compared to its average volume of 94,089. The firm has a 50-day moving average price of $31.15 and a 200 day moving average price of $31.67. SPDR ICE Preferred Securities ETF has a 52 week low of $30.44 and a 52 week high of $33.77.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after purchasing an additional 701 shares during the last quarter. City Holding Co. purchased a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth about $37,000. AE Wealth Management LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 111.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 685 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after purchasing an additional 1,327 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of SPDR ICE Preferred Securities ETF by 568.7% in the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after purchasing an additional 2,218 shares during the last quarter.

SPDR ICE Preferred Securities ETF Company Profile

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.