AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Up 1,110.8% in December

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 15,062 shares, a growth of 1,110.8% from the December 15th total of 1,244 shares. Based on an average daily trading volume, of 184,962 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 184,962 shares, the short-interest ratio is currently 0.1 days.

AAM Low Duration Preferred & Income Securities ETF Price Performance

AAM Low Duration Preferred & Income Securities ETF stock traded up $0.01 during trading on Monday, reaching $19.69. The company had a trading volume of 141,973 shares, compared to its average volume of 106,810. The firm’s 50-day simple moving average is $19.64 and its 200 day simple moving average is $19.65. AAM Low Duration Preferred & Income Securities ETF has a 1-year low of $19.23 and a 1-year high of $20.86.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PFLD. MassMutual Private Wealth & Trust FSB purchased a new position in AAM Low Duration Preferred & Income Securities ETF in the 2nd quarter valued at about $41,000. Alpine Bank Wealth Management lifted its position in shares of AAM Low Duration Preferred & Income Securities ETF by 655.0% in the third quarter. Alpine Bank Wealth Management now owns 39,146 shares of the company’s stock valued at $771,000 after acquiring an additional 33,961 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 4.6% in the second quarter. Janney Montgomery Scott LLC now owns 89,316 shares of the company’s stock worth $1,751,000 after acquiring an additional 3,916 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 0.6% in the second quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock worth $3,256,000 after acquiring an additional 1,029 shares during the last quarter.

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.