Short Interest in Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Declines By 92.0%

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 660 shares, a decrease of 92.0% from the February 26th total of 8,208 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 30,520 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 30,520 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Global X SuperIncome Preferred ETF Trading Up 0.7%

Shares of NYSEARCA SPFF traded up $0.06 during midday trading on Wednesday, hitting $8.98. The company’s stock had a trading volume of 21,391 shares, compared to its average volume of 40,560. The business’s fifty day simple moving average is $9.26 and its two-hundred day simple moving average is $9.30. Global X SuperIncome Preferred ETF has a 1 year low of $8.25 and a 1 year high of $9.65.

Global X SuperIncome Preferred ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.7%. This is a boost from Global X SuperIncome Preferred ETF’s previous monthly dividend of $0.05.

Institutional Trading of Global X SuperIncome Preferred ETF

A number of large investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in Global X SuperIncome Preferred ETF in the second quarter valued at $286,000. Perigon Wealth Management LLC increased its holdings in Global X SuperIncome Preferred ETF by 3.9% during the 3rd quarter. Perigon Wealth Management LLC now owns 118,027 shares of the company’s stock worth $1,091,000 after purchasing an additional 4,481 shares during the period. Foundations Investment Advisors LLC increased its holdings in Global X SuperIncome Preferred ETF by 7.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 27,854 shares of the company’s stock worth $257,000 after purchasing an additional 1,935 shares during the period. AE Wealth Management LLC raised its position in Global X SuperIncome Preferred ETF by 20.7% in the 3rd quarter. AE Wealth Management LLC now owns 60,373 shares of the company’s stock valued at $558,000 after purchasing an additional 10,337 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Global X SuperIncome Preferred ETF by 1.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 168,443 shares of the company’s stock valued at $1,556,000 after purchasing an additional 1,932 shares in the last quarter.

Global X SuperIncome Preferred ETF Company Profile

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.