Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 163,803 shares, a decline of 93.9% from the October 15th total of 2,672,491 shares. Based on an average daily volume of 665,881 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.
Principal Spectrum Preferred Securities Active ETF Stock Down 0.2%
Shares of PREF traded down $0.03 during trading hours on Thursday, hitting $18.40. The stock had a trading volume of 307,445 shares, compared to its average volume of 308,506. The company’s fifty day moving average is $18.44 and its two-hundred day moving average is $18.85. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.16 and a 52 week high of $19.32.
Institutional Trading of Principal Spectrum Preferred Securities Active ETF
Large investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter worth approximately $10,306,000. Berger Financial Group Inc increased its holdings in Principal Spectrum Preferred Securities Active ETF by 7.3% during the 3rd quarter. Berger Financial Group Inc now owns 474,273 shares of the company’s stock valued at $8,703,000 after purchasing an additional 32,354 shares in the last quarter. Private Advisor Group LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at $9,852,000. Cornerstone Advisors Asset Management LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 37.8% in the 3rd quarter. Cornerstone Advisors Asset Management LLC now owns 1,161,034 shares of the company’s stock valued at $21,305,000 after purchasing an additional 318,228 shares during the last quarter. Finally, Diversified Trust Co bought a new position in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at $367,000.
About Principal Spectrum Preferred Securities Active ETF
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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