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

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,048 shares, a drop of 50.1% from the April 30th total of 40,147 shares. Based on an average daily volume of 59,268 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

AAM Low Duration Preferred & Income Securities ETF stock remained flat at $19.65 during trading on Tuesday. 62,241 shares of the company traded hands, compared to its average volume of 89,324. AAM Low Duration Preferred & Income Securities ETF has a 12-month low of $19.29 and a 12-month high of $19.90. The company has a fifty day simple moving average of $19.59 and a 200 day simple moving average of $19.65.

Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teucrium Investment Advisors LLC purchased a new position in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at approximately $5,744,000. Captrust Financial Advisors boosted its position in AAM Low Duration Preferred & Income Securities ETF by 4.2% in the 4th quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock valued at $3,296,000 after buying an additional 6,771 shares during the period. Ascentis Independent Advisors purchased a new position in AAM Low Duration Preferred & Income Securities ETF in the 1st quarter valued at approximately $30,000. Finally, Alpine Bank Wealth Management boosted its position in AAM Low Duration Preferred & Income Securities ETF by 6.3% in the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock valued at $814,000 after buying an additional 2,453 shares during the period.

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.