SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Significant Drop in Short Interest

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 29,600 shares, a decrease of 65.4% from the August 15th total of 85,600 shares. Based on an average daily volume of 111,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 111,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several large investors have recently added to or reduced their stakes in the business. AlphaCore Capital LLC bought a new stake in SPDR ICE Preferred Securities ETF during the 1st quarter valued at $64,000. NBC Securities Inc. increased its holdings in shares of SPDR ICE Preferred Securities ETF by 214,400.0% during the first quarter. NBC Securities Inc. now owns 2,145 shares of the company’s stock valued at $69,000 after purchasing an additional 2,144 shares during the period. WFA of San Diego LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the second quarter valued at $84,000. Wayfinding Financial LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the first quarter valued at about $86,000. Finally, Franklin Resources Inc. acquired a new stake in SPDR ICE Preferred Securities ETF in the second quarter worth about $143,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $33.42 on Friday. The firm’s 50 day moving average is $32.40 and its two-hundred day moving average is $32.14. SPDR ICE Preferred Securities ETF has a 52 week low of $30.85 and a 52 week high of $36.06.

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.