SPFF Stock Summary and Trading Ideas (Global X Superincome Preferred ETF | ARCA:SPFF)

The Global X SuperIncome Preferred ETF (SPFF) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. High Yield Preferred Index. It invests in 50 of the highest yielding preferred stocks in the United States.

Global X Superincome Preferred ETF trades on the ARCA stock market under the symbol SPFF.

As of May 13, 2024, SPFF stock price climbed to $9.15 with 28,476 million shares trading.

SPFF has a beta of 0.63, meaning it tends to be less sensitive to market movements. SPFF has a correlation of 0.36 to the broad based SPY ETF.

SPFF has a market cap of $151.71 million. This is considered a Micro Cap stock.

In the last 3 years, SPFF stock traded as high as $12.15 and as low as $8.11.

SPFF has underperformed the market in the last year with a price return of +11.8% while the SPY ETF gained +27.8%. SPFF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.0% and +1.5%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

SPFF support price is $9.03 and resistance is $9.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPFF stock will trade within this expected range on the day.