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

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 31,476 shares, a decrease of 91.0% from the April 30th total of 350,686 shares. Based on an average trading volume of 231,479 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.1%

Shares of PREF stock traded up $0.01 during midday trading on Thursday, reaching $19.04. 204,585 shares of the stock were exchanged, compared to its average volume of 265,864. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year high of $19.32. The company’s 50 day moving average is $18.95 and its two-hundred day moving average is $19.05.

Institutional Trading of Principal Spectrum Preferred Securities Active ETF

A number of hedge funds have recently made changes to their positions in PREF. Jane Street Group LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 136.4% in the 1st quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock worth $2,133,000 after purchasing an additional 65,823 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 3,031.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock worth $1,466,000 after purchasing an additional 74,827 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 158,682 shares of the company’s stock worth $3,010,000 after purchasing an additional 6,946 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% in the 2nd quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock worth $193,912,000 after purchasing an additional 992,700 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 2nd quarter worth approximately $729,000.

Principal Spectrum Preferred Securities Active ETF Company Profile

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.