Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Rises By 20.9%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 396,985 shares, an increase of 20.9% from the December 31st total of 328,249 shares. Based on an average daily trading volume, of 616,985 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 616,985 shares, the days-to-cover ratio is currently 0.6 days.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF traded up $0.01 during trading on Tuesday, hitting $18.18. 1,077,749 shares of the stock traded hands, compared to its average volume of 622,270. The firm has a market capitalization of $2.12 billion, a P/E ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a 12-month low of $15.28 and a 12-month high of $18.54. The firm has a 50-day moving average of $17.96 and a 200 day moving average of $17.80.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a $0.0485 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PFXF. International Assets Investment Management LLC purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 4th quarter worth about $38,000. AssuredPartners Investment Advisors LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 578.7% in the fourth quarter. AssuredPartners Investment Advisors LLC now owns 140,653 shares of the company’s stock worth $2,484,000 after buying an additional 119,929 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 0.7% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock worth $1,536,000 after buying an additional 564 shares in the last quarter. Mission Hills Financial Advisory LLC lifted its holdings in VanEck Preferred Securities ex Financials ETF by 7.0% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock worth $201,000 after buying an additional 751 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in VanEck Preferred Securities ex Financials ETF by 14.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,854 shares of the company’s stock valued at $209,000 after acquiring an additional 1,504 shares in the last quarter.

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.