SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Short Interest Down 48.3% in May

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 25,519 shares, a decline of 48.3% from the April 30th total of 49,352 shares. Based on an average trading volume of 67,083 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

A number of institutional investors have recently added to or reduced their stakes in PSK. UBS Group AG grew its holdings in SPDR ICE Preferred Securities ETF by 142.9% during the 4th 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 last quarter. Checchi Capital Advisers LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $6,012,000. Zacks Investment Management acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth approximately $5,187,000. Cetera Investment Advisers lifted its position in shares of SPDR ICE Preferred Securities ETF by 90.6% in the 1st quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock worth $6,623,000 after purchasing an additional 102,077 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 63,308.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 60,238 shares of the company’s stock worth $1,909,000 after purchasing an additional 60,143 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.6%

PSK traded down $0.19 during trading on Monday, reaching $30.88. 57,453 shares of the company’s stock were exchanged, compared to its average volume of 95,888. SPDR ICE Preferred Securities ETF has a one year low of $30.70 and a one year high of $33.77. The firm has a fifty day moving average price of $31.23 and a two-hundred day moving average price of $31.76.

SPDR ICE Preferred Securities ETF Company Profile

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.