AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Sees Large Decline in Short Interest

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,118 shares, a drop of 45.6% from the May 31st total of 13,079 shares. Based on an average daily volume of 44,887 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 0.6% in the second quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock worth $3,256,000 after acquiring an additional 1,029 shares during the period. Alpine Bank Wealth Management increased its position in AAM Low Duration Preferred & Income Securities ETF by 6.3% in the fourth quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after purchasing an additional 2,453 shares during the last quarter. Teucrium Investment Advisors LLC purchased a new stake in shares of AAM Low Duration Preferred & Income Securities ETF during the 4th quarter valued at about $5,744,000. Finally, Ascentis Independent Advisors purchased a new stake in AAM Low Duration Preferred & Income Securities ETF during the first quarter valued at approximately $30,000.

AAM Low Duration Preferred & Income Securities ETF Trading Up 0.2%

Shares of NYSEARCA PFLD traded up $0.03 during midday trading on Thursday, hitting $19.62. The stock had a trading volume of 38,214 shares, compared to its average volume of 83,571. AAM Low Duration Preferred & Income Securities ETF has a 52 week low of $19.29 and a 52 week high of $19.90. The business’s 50 day moving average is $19.65 and its 200-day moving average is $19.65.

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.