Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Sees Large Increase in Short Interest

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 73,173 shares, a growth of 1,397.9% from the May 31st total of 4,885 shares. Based on an average daily trading volume, of 49,552 shares, the short-interest ratio is currently 1.5 days. Approximately 0.5% of the company’s stock are short sold.

Global X SuperIncome Preferred ETF Stock Performance

SPFF stock traded down $0.07 during trading hours on Friday, hitting $9.31. The company’s stock had a trading volume of 21,592 shares, compared to its average volume of 51,545. Global X SuperIncome Preferred ETF has a 12 month low of $8.79 and a 12 month high of $9.77. The stock has a 50 day moving average price of $9.49 and a two-hundred day moving average price of $9.35.

Hedge Funds Weigh In On Global X SuperIncome Preferred ETF

Several hedge funds have recently bought and sold shares of SPFF. Fifth Third Bancorp acquired a new stake in shares of Global X SuperIncome Preferred ETF in the first quarter worth about $44,000. Harbour Investments Inc. boosted its position in Global X SuperIncome Preferred ETF by 67.8% during the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after purchasing an additional 2,611 shares during the period. Ameriprise Financial Inc. acquired a new position in Global X SuperIncome Preferred ETF in the 3rd quarter valued at $136,000. Jane Street Group LLC bought a new position in Global X SuperIncome Preferred ETF in the 4th quarter worth $161,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in Global X SuperIncome Preferred ETF by 9.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $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.