Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Expands By 121.3%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 297,452 shares, a growth of 121.3% from the November 30th total of 134,419 shares. Based on an average daily volume of 572,395 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 572,395 shares, the days-to-cover ratio is presently 0.5 days.

VanEck Preferred Securities ex Financials ETF Trading Down 0.2%

VanEck Preferred Securities ex Financials ETF stock opened at $17.94 on Friday. VanEck Preferred Securities ex Financials ETF has a 52 week low of $15.28 and a 52 week high of $18.11. The stock has a market cap of $2.02 billion, a P/E ratio of 0.59 and a beta of 0.60. The stock has a 50 day moving average of $17.68 and a 200-day moving average of $17.61.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Advisors Ltd. LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the second quarter worth about $26,000. Simplex Trading LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 97.2% during the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock valued at $27,000 after buying an additional 787 shares in the last quarter. Allworth Financial LP bought a new position in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC bought a new position in VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $33,000. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth approximately $48,000.

VanEck Preferred Securities ex Financials ETF Company Profile

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.