VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Update

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 553,050 shares, a growth of 39.3% from the January 15th total of 396,985 shares. Based on an average daily volume of 588,362 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 588,362 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 97.2% during the 2nd quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock worth $27,000 after purchasing an additional 787 shares in the last quarter. Allworth Financial LP acquired a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the third quarter worth approximately $33,000. International Assets Investment Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $38,000. Finally, High Point Wealth Management LLC acquired a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at approximately $50,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF stock traded up $0.14 during trading hours on Friday, hitting $18.43. 504,530 shares of the company were exchanged, compared to its average volume of 681,494. The company has a 50 day simple moving average of $18.09 and a two-hundred day simple moving average of $17.84. The firm has a market cap of $2.17 billion, a P/E ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a fifty-two week low of $15.28 and a fifty-two week high of $18.54.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0485 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, February 2nd.

VanEck Preferred Securities ex Financials ETF Company Profile

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.