VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Shares Shorted: Short Interest Down 53.0% in October

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 160,713 shares, a decline of 53.0% from the September 30th total of 341,607 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 903,991 shares, the days-to-cover ratio is currently 0.2 days.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA PFXF traded down $0.21 on Friday, hitting $16.66. 781,025 shares of the stock were exchanged, compared to its average volume of 769,091. The business’s fifty day moving average is $17.56 and its 200 day moving average is $18.00. VanEck Preferred Securities ex Financials ETF has a 52 week low of $16.57 and a 52 week high of $19.07. The company has a market capitalization of $2.19 billion, a PE ratio of 0.59 and a beta of 0.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PFXF. Gill Capital Partners LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $50,000. Rossmore Private Capital acquired a new position in VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $70,000. Integrated Wealth Concepts LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the second quarter valued at approximately $122,000. Western Wealth Management LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the first quarter valued at approximately $159,000. Finally, Carson Advisory Inc. bought a new stake in VanEck Preferred Securities ex Financials ETF during the first quarter worth $179,000.

About VanEck Preferred Securities ex Financials ETF

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.