SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Decline in Short Interest
by Renee Jackson · The Cerbat GemSPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 15,320 shares, a decline of 19.1% from the March 15th total of 18,943 shares. Based on an average daily volume of 92,981 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
SPDR ICE Preferred Securities ETF Stock Down 0.5%
Shares of PSK traded down $0.17 during trading hours on Thursday, hitting $31.47. 59,675 shares of the stock were exchanged, compared to its average volume of 111,625. SPDR ICE Preferred Securities ETF has a 12-month low of $30.70 and a 12-month high of $33.77. The stock’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $32.08.
Institutional Trading of SPDR ICE Preferred Securities ETF
Large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its holdings in SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after buying an additional 701 shares in the last quarter. City Holding Co. purchased a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter valued at $37,000. AE Wealth Management LLC grew its holdings in SPDR ICE Preferred Securities ETF by 111.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock valued at $43,000 after buying an additional 685 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after buying an additional 1,327 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in SPDR ICE Preferred Securities ETF by 568.7% in the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock valued at $83,000 after buying an additional 2,218 shares in the last quarter.
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.