AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Shares Shorted: Short Interest Up 165.9% in October

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 13,446 shares, a growth of 165.9% from the September 30th total of 5,057 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 66,566 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On AAM Low Duration Preferred & Income Securities ETF

An institutional investor recently bought a new position in AAM Low Duration Preferred & Income Securities ETF stock. Alpine Bank Wealth Management purchased a new stake in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,159 shares of the company’s stock, valued at approximately $137,000.

AAM Low Duration Preferred & Income Securities ETF Stock Down 0.1%

PFLD traded down $0.01 on Thursday, reaching $19.09. 92,971 shares of the company’s stock were exchanged, compared to its average volume of 76,228. The company’s 50 day moving average is $19.30 and its 200-day moving average is $19.55. AAM Low Duration Preferred & Income Securities ETF has a twelve month low of $19.06 and a twelve month high of $19.87.

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.