AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Down 34.8% in May

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 13,079 shares, a decline of 34.8% from the May 14th total of 20,048 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 89,219 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PFLD. Teucrium Investment Advisors LLC purchased a new position in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter worth about $5,744,000. Captrust Financial Advisors grew its stake in AAM Low Duration Preferred & Income Securities ETF by 4.2% during the 4th 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 in the last quarter. Alpine Bank Wealth Management grew its stake in AAM Low Duration Preferred & Income Securities ETF by 6.3% during the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock valued at $814,000 after acquiring an additional 2,453 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF in the 1st quarter valued at approximately $30,000.

AAM Low Duration Preferred & Income Securities ETF Price Performance

NYSEARCA:PFLD traded up $0.01 during mid-day trading on Wednesday, reaching $19.67. 11,292 shares of the stock were exchanged, compared to its average volume of 84,168. The business has a fifty day moving average price of $19.64 and a 200 day moving average price of $19.65. AAM Low Duration Preferred & Income Securities ETF has a 1-year low of $19.29 and a 1-year high of $19.90.

About AAM Low Duration Preferred & Income Securities ETF

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.