AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Update

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 92,642 shares, a growth of 1,225.4% from the July 15th total of 6,990 shares. Based on an average daily trading volume, of 55,282 shares, the short-interest ratio is presently 1.7 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of AAM Low Duration Preferred & Income Securities ETF

A number of hedge funds have recently modified their holdings of PFLD. Teucrium Investment Advisors LLC purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF during the fourth quarter valued at approximately $5,744,000. Captrust Financial Advisors grew 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 worth $3,296,000 after purchasing an additional 6,771 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in AAM Low Duration Preferred & Income Securities ETF during the 1st quarter valued at $30,000.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

Shares of NYSEARCA PFLD opened at $19.53 on Thursday. AAM Low Duration Preferred & Income Securities ETF has a 1 year low of $19.29 and a 1 year high of $19.90. The company’s 50-day moving average is $19.60 and its 200 day moving average is $19.63.

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.