VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 234,045 shares, a decrease of 52.5% from the June 15th total of 492,423 shares. Based on an average daily volume of 914,796 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.
VanEck Preferred Securities ex Financials ETF Stock Down 1.3%
PFXF traded down $0.24 during mid-day trading on Thursday, reaching $17.54. 914,277 shares of the company traded hands, compared to its average volume of 777,542. The stock has a market capitalization of $2.40 billion, a P/E ratio of 0.59 and a beta of 0.62. The company’s fifty day moving average price is $18.32 and its 200-day moving average price is $18.19. 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 PFXF. Investors Research Corp boosted its position in VanEck Preferred Securities ex Financials ETF by 6.5% in the second quarter. Investors Research Corp now owns 313,386 shares of the company’s stock worth $5,591,000 after purchasing an additional 19,225 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in VanEck Preferred Securities ex Financials ETF by 6.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 232,180 shares of the company’s stock valued at $4,142,000 after buying an additional 13,495 shares during the period. Stableford Capital II LLC grew its position in VanEck Preferred Securities ex Financials ETF by 47.7% during the second quarter. Stableford Capital II LLC now owns 32,253 shares of the company’s stock valued at $575,000 after buying an additional 10,417 shares during the period. Diesslin Group Inc. increased its holdings in VanEck Preferred Securities ex Financials ETF by 56.1% during the second quarter. Diesslin Group Inc. now owns 30,978 shares of the company’s stock valued at $553,000 after buying an additional 11,138 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $159,000.
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.
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