Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Declines By 38.0%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 45,368 shares, a decline of 38.0% from the June 15th total of 73,173 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 49,567 shares, the short-interest ratio is currently 0.9 days.

Global X SuperIncome Preferred ETF Stock Performance

SPFF opened at $9.37 on Friday. Global X SuperIncome Preferred ETF has a 1-year low of $8.79 and a 1-year high of $9.77. The stock’s 50 day simple moving average is $9.47 and its 200 day simple moving average is $9.34.

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

A number of large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake 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 valued at $883,000 after acquiring an additional 30,922 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Global X SuperIncome Preferred ETF by 20.6% during the second quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock worth $217,000 after purchasing an additional 4,123 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Global X SuperIncome Preferred ETF by 7.6% in the second 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 period. UBS Group AG increased its stake in Global X SuperIncome Preferred ETF by 1.1% in the third quarter. UBS Group AG now owns 168,282 shares of the company’s stock valued at $1,555,000 after purchasing an additional 1,883 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in Global X SuperIncome Preferred ETF during the third quarter worth about $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.