AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Up 2,166.9% in April

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 40,147 shares, a growth of 2,166.9% from the April 15th total of 1,771 shares. Based on an average daily volume of 92,347 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of AAM Low Duration Preferred & Income Securities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in AAM Low Duration Preferred & Income Securities ETF by 0.6% during the second 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 during the last quarter. Teucrium Investment Advisors LLC acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF during the 4th quarter worth approximately $5,744,000. Ascentis Independent Advisors acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF during the 1st quarter worth approximately $30,000. Finally, Alpine Bank Wealth Management raised its stake in shares of 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 worth $814,000 after purchasing an additional 2,453 shares in the last quarter.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

Shares of PFLD opened at $19.68 on Tuesday. AAM Low Duration Preferred & Income Securities ETF has a 12 month low of $19.29 and a 12 month high of $19.93. The firm has a fifty day simple moving average of $19.58 and a 200 day simple moving average of $19.65.

AAM Low Duration Preferred & Income Securities ETF Company Profile

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.