AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Shares Shorted: Short Interest Up 165.9% in October

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 13,446 shares, an increase of 165.9% from the September 30th total of 5,057 shares. Based on an average daily trading volume, of 66,566 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in AAM Low Duration Preferred & Income Securities ETF stock. Ascentis Independent Advisors purchased a new stake in shares of AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,529 shares of the company’s stock, valued at approximately $30,000.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

AAM Low Duration Preferred & Income Securities ETF stock traded down $0.01 during midday trading on Thursday, hitting $19.09. 92,971 shares of the company were exchanged, compared to its average volume of 76,228. The company’s fifty day moving average price is $19.30 and its 200-day moving average price is $19.55. AAM Low Duration Preferred & Income Securities ETF has a fifty-two week low of $19.06 and a fifty-two week high of $19.87.

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.