SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Significant Decrease in Short Interest

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 5,682 shares, a decline of 82.2% from the January 29th total of 31,907 shares. Based on an average daily volume of 93,599 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 93,599 shares, the short-interest ratio is currently 0.1 days.

SPDR ICE Preferred Securities ETF Stock Down 0.2%

SPDR ICE Preferred Securities ETF stock traded down $0.06 during midday trading on Thursday, reaching $32.31. 72,878 shares of the company traded hands, compared to its average volume of 118,763. SPDR ICE Preferred Securities ETF has a 12 month low of $30.85 and a 12 month high of $33.77. The business has a 50 day moving average of $32.13 and a two-hundred day moving average of $32.46.

SPDR ICE Preferred Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several large investors have recently modified their holdings of PSK. Cornerstone Planning Group LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 1,001.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after acquiring an additional 701 shares during the period. City Holding Co. bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $37,000. AE Wealth Management LLC increased its position in shares of SPDR ICE Preferred Securities ETF by 111.4% during 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. increased its position in shares of SPDR ICE Preferred Securities ETF by 287.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after purchasing an additional 1,327 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake 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 period.

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.