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

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 872,539 shares, a growth of 74.1% from the February 12th total of 501,084 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 481,015 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily volume of 481,015 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Institutional investors have recently bought and sold shares of the business. World Investment Advisors raised its position in shares of VanEck Preferred Securities ex Financials ETF by 7.0% in the fourth quarter. World Investment Advisors now owns 17,635 shares of the company’s stock valued at $311,000 after buying an additional 1,160 shares in the last quarter. Larch Capital Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth $2,952,000. Wealth Intelligence LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 4th quarter worth $11,006,000. NewEdge Advisors LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 53,921 shares of the company’s stock valued at $952,000 after acquiring an additional 1,877 shares in the last quarter. Finally, Hyposwiss Advisors SA acquired a new position in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $931,000.

VanEck Preferred Securities ex Financials ETF Trading Up 0.1%

PFXF stock traded up $0.02 during trading hours on Friday, hitting $17.84. 220,374 shares of the stock were exchanged, compared to its average volume of 625,565. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.28 and a 12 month high of $18.57. The firm has a market capitalization of $2.10 billion, a P/E ratio of 0.59 and a beta of 0.60. The company has a 50-day simple moving average of $18.26 and a two-hundred day simple moving average of $17.93.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.0951 per share. This is a positive change from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

About VanEck Preferred Securities ex Financials ETF

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.