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

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 102,840 shares, a growth of 494.1% from the July 15th total of 17,311 shares. Based on an average daily volume of 110,290 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s shares are short sold.

SPDR ICE Preferred Securities ETF Trading Up 0.3%

NYSEARCA:PSK opened at $29.91 on Friday. The company has a fifty day moving average of $30.40 and a 200 day moving average of $31.16. SPDR ICE Preferred Securities ETF has a 52 week low of $29.78 and a 52 week high of $33.77.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several large investors have recently bought and sold shares of the company. Equitable Holdings Inc. grew its holdings in SPDR ICE Preferred Securities ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after purchasing an additional 332 shares during the period. NewEdge Advisors LLC boosted its position in shares of SPDR ICE Preferred Securities ETF by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock worth $795,000 after purchasing an additional 359 shares in the last quarter. Wealthspire Retirement LLC boosted its position in shares of SPDR ICE Preferred Securities ETF by 1.0% in the 1st quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock worth $1,248,000 after purchasing an additional 405 shares in the last quarter. Comerica Bank grew its stake in shares of SPDR ICE Preferred Securities ETF by 3.8% in the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock worth $412,000 after buying an additional 482 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of SPDR ICE Preferred Securities ETF by 4.5% in the 4th quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock worth $421,000 after buying an additional 569 shares during the last quarter.

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.