AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Sees Significant Decline in Short Interest

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 132 shares, a drop of 99.9% from the July 30th total of 92,642 shares. Based on an average trading volume of 59,061 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

AAM Low Duration Preferred & Income Securities ETF Price Performance

PFLD traded up $0.03 on Tuesday, hitting $19.59. The company had a trading volume of 58,113 shares, compared to its average volume of 77,282. AAM Low Duration Preferred & Income Securities ETF has a 12-month low of $19.29 and a 12-month high of $19.90. The stock has a fifty day moving average price of $19.58 and a 200-day moving average price of $19.61.

Institutional Investors Weigh In On AAM Low Duration Preferred & Income Securities ETF

A number of large investors have recently modified their holdings of the business. Captrust Financial Advisors increased its stake in AAM Low Duration Preferred & Income Securities ETF by 0.6% during the 2nd quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock valued at $3,256,000 after purchasing an additional 1,029 shares in the last quarter. Teucrium Investment Advisors LLC purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF during the 4th quarter valued at about $5,744,000. Finally, Ascentis Independent Advisors acquired a new position in AAM Low Duration Preferred & Income Securities ETF in the first quarter valued at approximately $30,000.

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.