Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Up 1,397.9% in June

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 73,173 shares, a growth of 1,397.9% from the May 31st total of 4,885 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 49,552 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Global X SuperIncome Preferred ETF

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in Global X SuperIncome Preferred ETF during the first quarter worth about $44,000. Harbour Investments Inc. increased its holdings in shares of Global X SuperIncome Preferred ETF by 67.8% during the 4th quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after buying an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Global X SuperIncome Preferred ETF during the 3rd quarter worth approximately $136,000. Jane Street Group LLC purchased a new stake in shares of Global X SuperIncome Preferred ETF during the 4th quarter valued at approximately $161,000. Finally, Cornerstone Wealth Management LLC raised its position in shares of Global X SuperIncome Preferred ETF by 9.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after buying an additional 1,592 shares during the period.

Global X SuperIncome Preferred ETF Stock Down 0.4%

NYSEARCA:SPFF traded down $0.04 during trading hours on Thursday, hitting $9.38. The company had a trading volume of 35,988 shares, compared to its average volume of 51,794. Global X SuperIncome Preferred ETF has a 1 year low of $8.79 and a 1 year high of $9.77. The company has a 50-day moving average of $9.49 and a 200 day moving average of $9.35.

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.