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

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 25,090 shares, a growth of 63.8% from the March 31st total of 15,320 shares. Based on an average daily volume of 103,008 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

A number of institutional investors have recently made changes to their positions in PSK. UBS Group AG boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 142.9% during the fourth quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after acquiring an additional 382,777 shares during the period. Checchi Capital Advisers LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $6,012,000. Zacks Investment Management bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $5,187,000. Elevation Capital Advisory LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter worth approximately $2,503,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 13.9% during the third quarter. Park Avenue Securities LLC now owns 528,890 shares of the company’s stock worth $17,490,000 after acquiring an additional 64,707 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.2%

Shares of NYSEARCA:PSK traded down $0.05 during trading on Monday, reaching $31.60. 30,771 shares of the stock were exchanged, compared to its average volume of 106,393. SPDR ICE Preferred Securities ETF has a 12 month low of $30.70 and a 12 month high of $33.77. The stock has a 50-day moving average price of $31.58 and a 200-day moving average price of $31.99.

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.