AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Up 4,752.4% in January

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 27,513 shares, an increase of 4,752.4% from the January 15th total of 567 shares. Based on an average daily volume of 134,961 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 134,961 shares, the days-to-cover ratio is presently 0.2 days.

AAM Low Duration Preferred & Income Securities ETF Price Performance

Shares of PFLD opened at $19.77 on Wednesday. AAM Low Duration Preferred & Income Securities ETF has a 52-week low of $19.23 and a 52-week high of $20.86. The stock’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $19.68.

AAM Low Duration Preferred & Income Securities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were given a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, January 30th.

Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF

An institutional investor recently raised its position in AAM Low Duration Preferred & Income Securities ETF stock. Captrust Financial Advisors boosted its position in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,055 shares of the company’s stock after purchasing an additional 1,029 shares during the quarter. Captrust Financial Advisors owned about 0.66% of AAM Low Duration Preferred & Income Securities ETF worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.