SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Update

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,929 shares, a drop of 77.5% from the June 15th total of 70,723 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 99,902 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PSK. Cornerstone Planning Group LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 1,001.4% during 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 in the last quarter. City Holding Co. bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 4th quarter valued at approximately $37,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after buying an additional 1,327 shares in the last quarter. IFP Advisors Inc increased its holdings in SPDR ICE Preferred Securities ETF by 568.7% in the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after buying an additional 2,218 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new position in SPDR ICE Preferred Securities ETF in the second quarter worth approximately $84,000.

SPDR ICE Preferred Securities ETF Trading Down 0.3%

Shares of SPDR ICE Preferred Securities ETF stock traded down $0.08 on Friday, hitting $30.40. 84,149 shares of the company traded hands, compared to its average volume of 94,694. SPDR ICE Preferred Securities ETF has a 12-month low of $30.35 and a 12-month high of $33.77. The company has a 50-day moving average price of $30.84 and a 200 day moving average price of $31.47.

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.