VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Up 228.0% in August

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 290,676 shares, a growth of 228.0% from the July 30th total of 88,617 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 840,843 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of VanEck Preferred Securities ex Financials ETF stock remained flat at $18.06 during mid-day trading on Thursday. 221,004 shares of the stock traded hands, compared to its average volume of 766,937. The firm’s 50-day simple moving average is $17.85 and its 200-day simple moving average is $18.12. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a twelve month low of $17.03 and a twelve month high of $19.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PFXF. International Assets Investment Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the fourth quarter valued at $38,000. Gill Capital Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth $50,000. JPMorgan Chase & Co. increased its position in shares of VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after purchasing an additional 2,731 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at about $61,000. Finally, Rossmore Private Capital purchased a new stake in VanEck Preferred Securities ex Financials ETF in the 1st quarter valued at about $70,000.

VanEck Preferred Securities ex Financials ETF Company Profile

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.