Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Decreases By 45.6%

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

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

Shares of AAM Low Duration Preferred & Income Securities ETF stock opened at $19.62 on Friday. 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 fifty day simple moving average is $19.64 and its 200-day simple moving average is $19.65.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the first quarter worth about $30,000. Alpine Bank Wealth Management raised its stake in shares of 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 acquiring an additional 2,453 shares during the period. Captrust Financial Advisors lifted its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 0.6% in the 2nd 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 last quarter. Finally, Teucrium Investment Advisors LLC acquired a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the 4th quarter worth approximately $5,744,000.

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.