Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 350,686 shares, a growth of 240.5% from the April 15th total of 102,987 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 209,213 shares, the days-to-cover ratio is currently 1.7 days.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Evelyn Partners Asset Management Ltd bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $29,000. Rothschild Investment LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $29,000. Flagship Harbor Advisors LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 126.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $77,000.
Principal Spectrum Preferred Securities Active ETF Stock Down 0.4%
Shares of NYSEARCA PREF traded down $0.07 during trading hours on Friday, hitting $18.93. The company’s stock had a trading volume of 187,329 shares, compared to its average volume of 263,174. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.63 and a 12 month high of $19.32. The business has a 50-day simple moving average of $18.96 and a 200-day simple moving average of $19.06.
Principal Spectrum Preferred Securities Active ETF Company Profile
The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.
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