AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Down 50.1% in May

by · The Markets Daily

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 20,048 shares, a drop of 50.1% from the April 30th total of 40,147 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 59,268 shares, the days-to-cover ratio is presently 0.3 days.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

Shares of PFLD traded up $0.08 during trading hours on Monday, reaching $19.65. The company had a trading volume of 70,589 shares, compared to its average volume of 89,588. The firm has a 50 day simple moving average of $19.59 and a 200-day simple moving average of $19.65. AAM Low Duration Preferred & Income Securities ETF has a 12-month low of $19.29 and a 12-month high of $19.90.

Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF

A number of large investors have recently made changes to their positions in the stock. Captrust Financial Advisors increased its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 0.6% in the 2nd quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock valued at $3,256,000 after purchasing an additional 1,029 shares in the last quarter. Ascentis Independent Advisors purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the 1st quarter valued at about $30,000. Alpine Bank Wealth Management increased its holdings in AAM Low Duration Preferred & Income Securities ETF by 6.3% during the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock valued at $814,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Teucrium Investment Advisors LLC purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the 4th quarter valued at about $5,744,000.

About AAM Low Duration Preferred & Income Securities ETF

(Get Free Report)

The AAM Low Duration Preferred and Income Securities ETF (PFLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted U.S. index of short-term preferred and hybrid securities that are multifactor-selected. PFLD was launched on Nov 19, 2019 and is managed by AAM.

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