AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Stock Short Interest Rises 165.9%

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,446 shares, an increase of 165.9% from the September 30th total of 5,057 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 66,566 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in AAM Low Duration Preferred & Income Securities ETF stock. Alpine Bank Wealth Management purchased a new stake in shares of AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,159 shares of the company’s stock, valued at approximately $137,000.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

PFLD stock opened at $19.04 on Friday. The firm’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $19.54. AAM Low Duration Preferred & Income Securities ETF has a 12-month low of $19.02 and a 12-month high of $19.87.

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.