AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 92,642 shares, a growth of 1,225.4% from the July 15th total of 6,990 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 55,282 shares, the short-interest ratio is presently 1.7 days.
AAM Low Duration Preferred & Income Securities ETF Stock Performance
NYSEARCA PFLD opened at $19.53 on Wednesday. AAM Low Duration Preferred & Income Securities ETF has a one year low of $19.29 and a one year high of $19.90. The company’s 50 day moving average price is $19.60 and its 200 day moving average price is $19.63.
Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Teucrium Investment Advisors LLC acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the fourth quarter worth about $5,744,000. Captrust Financial Advisors lifted its stake in AAM Low Duration Preferred & Income Securities ETF by 4.2% during the fourth quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock worth $3,296,000 after purchasing an additional 6,771 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the 1st quarter valued at about $30,000.
About AAM Low Duration Preferred & Income Securities ETF
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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