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

Global X SuperIncome Preferred ETF (NYSEARCA:SPFF) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 15,345 shares, a decline of 66.2% from the June 30th total of 45,368 shares. Based on an average daily volume of 42,119 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Global X SuperIncome Preferred ETF during the first quarter worth approximately $44,000. Harbour Investments Inc. grew its position in shares of Global X SuperIncome Preferred ETF by 67.8% in the fourth quarter. Harbour Investments Inc. now owns 6,461 shares of the company’s stock valued at $60,000 after purchasing an additional 2,611 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Global X SuperIncome Preferred ETF in the third quarter valued at approximately $136,000. Jane Street Group LLC acquired a new position in shares of Global X SuperIncome Preferred ETF in the fourth quarter valued at approximately $161,000. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Global X SuperIncome Preferred ETF by 9.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 18,089 shares of the company’s stock worth $169,000 after purchasing an additional 1,592 shares during the period.

Global X SuperIncome Preferred ETF Price Performance

Shares of SPFF opened at $9.29 on Friday. The company’s 50-day moving average is $9.45 and its 200-day moving average is $9.33. Global X SuperIncome Preferred ETF has a fifty-two week low of $8.79 and a fifty-two week high of $9.77.

Global X SuperIncome Preferred ETF Company Profile

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.