VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Decrease in Short Interest

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 550,735 shares, a decrease of 36.5% from the May 14th total of 867,876 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 702,953 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Preferred Securities ex Financials ETF Stock Up 0.4%

Shares of VanEck Preferred Securities ex Financials ETF stock traded up $0.08 on Wednesday, hitting $18.61. 311,402 shares of the company’s stock traded hands, compared to its average volume of 770,091. The stock has a market cap of $2.33 billion, a P/E ratio of 0.59 and a beta of 0.62. The firm’s 50-day moving average is $18.46 and its 200 day moving average is $18.16. VanEck Preferred Securities ex Financials ETF has a 52-week low of $16.76 and a 52-week high of $19.07.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 0.7% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock valued at $1,536,000 after acquiring an additional 564 shares in the last quarter. Mission Hills Financial Advisory LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock valued at $201,000 after acquiring an additional 751 shares in the last quarter. Van Hulzen Asset Management LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 7.3% during the 4th quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock valued at $215,000 after acquiring an additional 832 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock valued at $1,909,000 after buying an additional 1,047 shares during the period. Finally, World Investment Advisors grew its position in shares of VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. World Investment Advisors now owns 17,635 shares of the company’s stock valued at $311,000 after buying an additional 1,160 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Company Profile

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.