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

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 15,062 shares, a growth of 1,110.8% from the December 15th total of 1,244 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 184,962 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 184,962 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PFLD. Captrust Financial Advisors grew 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 purchasing an additional 1,029 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in AAM Low Duration Preferred & Income Securities ETF in the second quarter valued at about $41,000. Janney Montgomery Scott LLC grew its stake in AAM Low Duration Preferred & Income Securities ETF by 4.6% during the second quarter. Janney Montgomery Scott LLC now owns 89,316 shares of the company’s stock worth $1,751,000 after buying an additional 3,916 shares during the last quarter. Finally, Alpine Bank Wealth Management grew its stake in AAM Low Duration Preferred & Income Securities ETF by 655.0% during the third quarter. Alpine Bank Wealth Management now owns 39,146 shares of the company’s stock worth $771,000 after buying an additional 33,961 shares during the last quarter.

AAM Low Duration Preferred & Income Securities ETF Trading Up 0.3%

Shares of PFLD traded up $0.05 during mid-day trading on Wednesday, reaching $19.72. The company had a trading volume of 34,841 shares, compared to its average volume of 89,764. AAM Low Duration Preferred & Income Securities ETF has a twelve month low of $19.23 and a twelve month high of $20.86. The company’s 50-day moving average is $19.64 and its 200-day moving average is $19.65.

About AAM Low Duration Preferred & Income Securities ETF

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.