VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Shares Shorted: Short Interest Up 131.9% in September

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 341,607 shares, a growth of 131.9% from the September 15th total of 147,320 shares. Based on an average daily trading volume, of 651,346 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of VanEck Preferred Securities ex Financials ETF stock traded down $0.32 during trading hours on Wednesday, reaching $17.23. The company had a trading volume of 913,809 shares, compared to its average volume of 763,158. The firm has a market cap of $2.29 billion, a PE ratio of 0.59 and a beta of 0.64. VanEck Preferred Securities ex Financials ETF has a one year low of $17.03 and a one year high of $19.07. The business has a fifty day simple moving average of $17.81 and a 200 day simple moving average of $18.02.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PFXF. Sax Wealth Advisors LLC lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 1.0% in the 3rd quarter. Sax Wealth Advisors LLC now owns 75,262 shares of the company’s stock valued at $1,319,000 after acquiring an additional 781 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in VanEck Preferred Securities ex Financials ETF by 1.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock worth $1,909,000 after acquiring an additional 1,047 shares during the last quarter. World Investment Advisors grew its position in VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. World Investment Advisors now owns 17,635 shares of the company’s stock worth $311,000 after acquiring an additional 1,160 shares during the last quarter. Sheets Smith Wealth Management grew its position in VanEck Preferred Securities ex Financials ETF by 2.2% during the 1st quarter. Sheets Smith Wealth Management now owns 78,145 shares of the company’s stock worth $1,371,000 after acquiring an additional 1,665 shares during the last quarter. Finally, IFP Advisors Inc grew its position in VanEck Preferred Securities ex Financials ETF by 11.2% during the 2nd quarter. IFP Advisors Inc now owns 25,188 shares of the company’s stock worth $449,000 after acquiring an additional 2,543 shares during the last quarter.

About VanEck Preferred Securities ex Financials ETF

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.