VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Down 47.8% in July

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 122,280 shares, a drop of 47.8% from the June 30th total of 234,045 shares. Based on an average daily volume of 711,686 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

VanEck Preferred Securities ex Financials ETF Trading Up 1.7%

NYSEARCA:PFXF traded up $0.29 during trading hours on Thursday, reaching $17.61. The company had a trading volume of 723,125 shares, compared to its average volume of 775,709. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The firm’s 50 day moving average price is $18.09 and its 200-day moving average price is $18.16. VanEck Preferred Securities ex Financials ETF has a 52 week low of $17.03 and a 52 week high of $19.07.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Apella Capital LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at about $4,496,000. Mezzasalma Advisors LLC boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 840.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 110,614 shares of the company’s stock worth $1,978,000 after buying an additional 98,854 shares during the last quarter. Hyposwiss Advisors SA purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the fourth quarter worth approximately $931,000. Larch Capital Partners LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the fourth quarter valued at approximately $2,952,000. Finally, Tanager Wealth Management LLP grew its position in VanEck Preferred Securities ex Financials ETF by 9.6% during the first quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock valued at $27,847,000 after buying an additional 138,544 shares during the period.

About VanEck Preferred Securities ex Financials ETF

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.