AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 92,642 shares, an increase of 1,225.4% from the July 15th total of 6,990 shares. Based on an average trading volume of 55,282 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.4% of the shares of the company are sold short.
AAM Low Duration Preferred & Income Securities ETF Stock Down 0.1%
PFLD stock traded down $0.01 during midday trading on Tuesday, reaching $19.53. The company had a trading volume of 70,150 shares, compared to its average volume of 79,073. The stock has a 50 day moving average price of $19.60 and a 200-day moving average price of $19.63. AAM Low Duration Preferred & Income Securities ETF has a 1-year low of $19.29 and a 1-year high of $19.90.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Teucrium Investment Advisors LLC bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF during the fourth quarter worth about $5,744,000. Captrust Financial Advisors boosted its position in AAM Low Duration Preferred & Income Securities ETF by 4.2% during the fourth quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock valued at $3,296,000 after acquiring an additional 6,771 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the 1st quarter valued at about $30,000.
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.
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