Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Update

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 8,208 shares, a growth of 327.7% from the February 12th total of 1,919 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,385 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 43,385 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPFF. Allworth Financial LP acquired a new stake in Global X SuperIncome Preferred ETF in the second quarter valued at about $25,000. Harbour Investments Inc. raised its stake in Global X SuperIncome Preferred ETF by 67.8% during the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock worth $60,000 after acquiring an additional 2,611 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Global X SuperIncome Preferred ETF in the third quarter worth about $136,000. Jane Street Group LLC bought a new position in shares of Global X SuperIncome Preferred ETF in the fourth quarter worth about $161,000. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Global X SuperIncome Preferred ETF by 9.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock valued at $169,000 after purchasing an additional 1,592 shares in the last quarter.

Global X SuperIncome Preferred ETF Stock Performance

Global X SuperIncome Preferred ETF stock opened at $8.88 on Friday. The stock’s fifty day moving average price is $9.36 and its two-hundred day moving average price is $9.32. Global X SuperIncome Preferred ETF has a one year low of $8.25 and a one year high of $9.65.

Global X SuperIncome Preferred ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.05 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. This is a positive change from Global X SuperIncome Preferred ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 2nd.

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.