Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 69,334 shares, a drop of 39.1% from the August 31st total of 113,823 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 307,374 shares, the days-to-cover ratio is presently 0.2 days.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Principal Spectrum Preferred Securities Active ETF stock traded down $0.08 during mid-day trading on Thursday, hitting $18.27. The company’s stock had a trading volume of 424,782 shares, compared to its average volume of 265,381. The business has a 50 day moving average price of $18.75 and a 200-day moving average price of $18.89. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.16 and a 12 month high of $19.32.
Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. South Plains Financial Inc. lifted its position in Principal Spectrum Preferred Securities Active ETF by 5.3% in the fourth quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after purchasing an additional 627 shares during the last quarter. Flagstar Advisors Inc. grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% in the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after purchasing an additional 771 shares during the last quarter. Evelyn Partners Asset Management Ltd bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $29,000. Rothschild Investment LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Finally, Stephens Inc. AR increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.7% in the first quarter. Stephens Inc. AR now owns 21,629 shares of the company’s stock worth $407,000 after buying an additional 2,093 shares during the period.
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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