Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Rises By 1,225.4%

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PFLD. Ascentis Independent Advisors bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF during the first quarter worth about $30,000. Teucrium Investment Advisors LLC bought a new position in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at about $5,744,000. Finally, Captrust Financial Advisors lifted 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 valued at $3,296,000 after acquiring an additional 6,771 shares in the last quarter.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

PFLD stock traded down $0.01 during midday trading on Tuesday, reaching $19.53. 70,150 shares of the company’s stock traded hands, compared to its average volume of 79,073. The firm’s fifty day moving average price is $19.60 and its 200-day moving average price is $19.63. AAM Low Duration Preferred & Income Securities ETF has a 52 week low of $19.29 and a 52 week high of $19.90.

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.