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

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 27,513 shares, an increase of 4,752.4% from the January 15th total of 567 shares. Based on an average daily volume of 134,961 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 134,961 shares, the short-interest ratio is presently 0.2 days.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

NYSEARCA:PFLD traded up $0.03 during trading hours on Tuesday, reaching $19.77. The stock had a trading volume of 139,089 shares, compared to its average volume of 111,463. The stock has a 50 day simple moving average of $19.68 and a 200 day simple moving average of $19.68. AAM Low Duration Preferred & Income Securities ETF has a 12-month low of $19.23 and a 12-month high of $20.86.

AAM Low Duration Preferred & Income Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 3rd. Shareholders of record on Friday, January 30th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 5.2%.

Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF

An institutional investor recently raised its position in AAM Low Duration Preferred & Income Securities ETF stock. Captrust Financial Advisors lifted its stake in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,055 shares of the company’s stock after acquiring an additional 1,029 shares during the period. Captrust Financial Advisors owned approximately 0.66% of AAM Low Duration Preferred & Income Securities ETF worth $3,256,000 at the end of the most recent reporting period.

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.