Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) Short Interest Down 66.2% in July

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 15,345 shares, a drop of 66.2% from the June 30th total of 45,368 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 42,119 shares, the short-interest ratio is presently 0.4 days.

Global X SuperIncome Preferred ETF Stock Down 0.2%

NYSEARCA:SPFF opened at $9.29 on Friday. Global X SuperIncome Preferred ETF has a 52-week low of $8.79 and a 52-week high of $9.77. The stock’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $9.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPFF. Cornerstone Wealth Management LLC lifted its position in shares of Global X SuperIncome Preferred ETF by 9.7% in the fourth 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 last quarter. UBS Group AG increased its holdings in shares of Global X SuperIncome Preferred ETF by 1.1% during the 3rd quarter. UBS Group AG now owns 168,282 shares of the company’s stock worth $1,555,000 after acquiring an additional 1,883 shares during the last quarter. 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 acquiring an additional 2,611 shares during the last quarter. Sei Investments Co. raised its stake in Global X SuperIncome Preferred ETF by 20.6% in the 2nd quarter. Sei Investments Co. now owns 24,180 shares of the company’s stock valued at $217,000 after acquiring an additional 4,123 shares during the period. Finally, Fifth Third Bancorp bought a new stake in Global X SuperIncome Preferred ETF in the 1st quarter valued at $44,000.

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.