SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Up 131.8% in January

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 10,183 shares, a growth of 131.8% from the December 31st total of 4,393 shares. Based on an average daily trading volume, of 127,158 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 127,158 shares, the short-interest ratio is presently 0.1 days.

SPDR ICE Preferred Securities ETF Stock Down 0.2%

Shares of NYSEARCA:PSK traded down $0.07 during trading on Friday, hitting $32.31. 87,521 shares of the company were exchanged, compared to its average volume of 118,361. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.85 and a fifty-two week high of $33.88. The firm has a fifty day moving average price of $32.03 and a two-hundred day moving average price of $32.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. City Holding Co. bought a new position in SPDR ICE Preferred Securities ETF during the fourth quarter worth about $37,000. AE Wealth Management LLC increased its stake 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 valued at $43,000 after purchasing an additional 685 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 acquiring an additional 1,327 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the second quarter worth about $84,000. Finally, Franklin Resources Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF in the second quarter worth about $143,000.

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.