SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Growth in Short Interest

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 70,723 shares, an increase of 1,127.6% from the May 31st total of 5,761 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 69,884 shares, the short-interest ratio is currently 1.0 days.

SPDR ICE Preferred Securities ETF Trading Up 0.2%

NYSEARCA:PSK traded up $0.06 during midday trading on Friday, reaching $30.48. 98,560 shares of the company traded hands, compared to its average volume of 94,100. The company has a fifty day moving average price of $31.04 and a 200 day moving average price of $31.57. SPDR ICE Preferred Securities ETF has a twelve month low of $30.35 and a twelve month high of $33.77.

Institutional Trading of SPDR ICE Preferred Securities ETF

Large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in 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. bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $37,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SPDR ICE Preferred Securities ETF by 287.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock worth $57,000 after buying an additional 1,327 shares during the period. IFP Advisors Inc grew its holdings in 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 buying an additional 2,218 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in SPDR ICE Preferred Securities ETF in the 2nd quarter worth approximately $84,000.

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.