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

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 132 shares, a drop of 99.9% from the July 30th total of 92,642 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 59,061 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of AAM Low Duration Preferred & Income Securities ETF

Several institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new position in shares of AAM Low Duration Preferred & Income Securities ETF during the first quarter valued at approximately $30,000. Captrust Financial Advisors boosted its stake in 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 valued at $3,256,000 after acquiring an additional 1,029 shares in the last quarter. Finally, Teucrium Investment Advisors LLC purchased a new position in AAM Low Duration Preferred & Income Securities ETF in the fourth quarter worth $5,744,000.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

PFLD stock opened at $19.59 on Thursday. AAM Low Duration Preferred & Income Securities ETF has a twelve month low of $19.29 and a twelve month high of $19.90. The firm’s fifty day simple moving average is $19.58 and its two-hundred day simple moving average is $19.61.

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.