$SATA is trading more dollar volume than the five largest bank preferreds combined.
Avg daily, Sept 1–21, 2026:
SATA - $55.2M
WFC-L - $11.1M
JPM-D - $6.0M
JPM-K - $5.2M
BAC-B - $4.4M
C-N - $4.3M
Top 5 combined: $30.9M.
Traded more than all 5 combined in 13 of 14 trading sessions in September.