Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Expands By 239.4%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,642 shares, an increase of 239.4% from the August 15th total of 10,206 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 47,677 shares, the days-to-cover ratio is presently 0.7 days.

Global X SuperIncome Preferred ETF Stock Down 1.1%

Shares of Global X SuperIncome Preferred ETF stock traded down $0.10 on Monday, hitting $9.21. The stock had a trading volume of 4,020 shares, compared to its average volume of 49,067. Global X SuperIncome Preferred ETF has a 52-week low of $8.79 and a 52-week high of $9.77. The company’s 50 day moving average price is $9.41 and its 200 day moving average price is $9.33.

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

Several large investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in shares of Global X SuperIncome Preferred ETF by 45.8% during the first quarter. Jane Street Group LLC now owns 98,465 shares of the company’s stock worth $883,000 after acquiring an additional 30,922 shares during the last quarter. Sei Investments Co. raised its position in Global X SuperIncome Preferred ETF by 20.6% in the 2nd quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after purchasing an additional 4,123 shares during the last quarter. Raymond James Financial Inc. raised its position in Global X SuperIncome Preferred ETF by 7.6% in the 2nd quarter. Raymond James Financial Inc. now owns 85,999 shares of the company’s stock valued at $771,000 after purchasing an additional 6,060 shares during the last quarter. UBS Group AG boosted its stake in Global X SuperIncome Preferred ETF by 1.1% during the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,883 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in Global X SuperIncome Preferred ETF during the 3rd quarter worth $136,000.

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.