Short Interest in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Expands By 96.7%

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 49,352 shares, a growth of 96.7% from the April 15th total of 25,090 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 52,376 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF

A number of hedge funds have recently bought and sold shares of PSK. Greenberg Financial Group bought a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter valued at $675,000. Sage Advisory Services Ltd.Co. lifted its position in shares of SPDR ICE Preferred Securities ETF by 9.3% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock worth $11,986,000 after buying an additional 30,963 shares during the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $6,012,000. RFG Advisory LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $988,000. Finally, Breachway Investments LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $751,000.

SPDR ICE Preferred Securities ETF Trading Down 0.9%

PSK traded down $0.29 on Friday, reaching $31.03. The company’s stock had a trading volume of 39,727 shares, compared to its average volume of 99,894. SPDR ICE Preferred Securities ETF has a 1 year low of $30.70 and a 1 year high of $33.77. The business’s 50 day moving average is $31.36 and its 200 day moving average is $31.87.

About SPDR ICE Preferred Securities ETF

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.