Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Short Interest Update

by · The Markets Daily

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 69,334 shares, a decrease of 39.1% from the August 31st total of 113,823 shares. Based on an average trading volume of 307,374 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.2%

Shares of PREF stock traded up $0.04 during trading hours on Friday, reaching $18.30. The company’s stock had a trading volume of 191,843 shares, compared to its average volume of 264,870. The firm’s 50 day simple moving average is $18.74 and its 200-day simple moving average is $18.88. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.16 and a fifty-two week high of $19.32.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

A number of hedge funds have recently made changes to their positions in the stock. South Plains Financial Inc. grew its position in Principal Spectrum Preferred Securities Active ETF by 5.3% in the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after purchasing an additional 627 shares during the period. Flagstar Advisors Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after buying an additional 771 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at $29,000. Rothschild Investment LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $29,000. Finally, Stephens Inc. AR increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 10.7% during the first quarter. Stephens Inc. AR now owns 21,629 shares of the company’s stock worth $407,000 after acquiring an additional 2,093 shares in the last quarter.

About Principal Spectrum Preferred Securities Active ETF

(Get Free Report)

The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.

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