AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Sees Significant Drop in Short Interest

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 7,118 shares, a decline of 45.6% from the May 31st total of 13,079 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 44,887 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of AAM Low Duration Preferred & Income Securities ETF

A number of large investors have recently made changes to their positions in PFLD. Captrust Financial Advisors raised its stake in AAM Low Duration Preferred & Income Securities ETF by 0.6% during the 2nd quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock worth $3,256,000 after buying an additional 1,029 shares during the period. Alpine Bank Wealth Management increased its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% in the fourth quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after acquiring an additional 2,453 shares in the last quarter. Teucrium Investment Advisors LLC bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF in the fourth quarter worth about $5,744,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of AAM Low Duration Preferred & Income Securities ETF during the first quarter worth about $30,000.

AAM Low Duration Preferred & Income Securities ETF Stock Up 0.2%

NYSEARCA:PFLD traded up $0.04 during trading hours on Wednesday, hitting $19.59. The stock had a trading volume of 58,920 shares, compared to its average volume of 83,936. The business’s 50 day moving average is $19.65 and its 200-day moving average is $19.65. AAM Low Duration Preferred & Income Securities ETF has a one year low of $19.29 and a one year high of $19.90.

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.