VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Update

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 872,539 shares, an increase of 74.1% from the February 12th total of 501,084 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 481,015 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 481,015 shares, the short-interest ratio is presently 1.8 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 8.2% in the third quarter. Envestnet Asset Management Inc. now owns 541,207 shares of the company’s stock worth $9,617,000 after buying an additional 40,853 shares during the last quarter. Blair William & Co. IL increased its holdings in VanEck Preferred Securities ex Financials ETF by 8,489.4% during the third quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock valued at $3,053,000 after buying an additional 169,788 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in VanEck Preferred Securities ex Financials ETF by 11.4% in the second quarter. Rockefeller Capital Management L.P. now owns 67,940 shares of the company’s stock worth $1,163,000 after acquiring an additional 6,934 shares during the period. Meridian Financial Partners LLC raised its position in VanEck Preferred Securities ex Financials ETF by 147.4% in the third quarter. Meridian Financial Partners LLC now owns 84,576 shares of the company’s stock worth $1,525,000 after acquiring an additional 50,396 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth $657,000.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF stock opened at $17.77 on Friday. The company has a market cap of $2.10 billion, a P/E ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a 1 year low of $15.28 and a 1 year high of $18.57. The stock’s fifty day moving average price is $18.26 and its 200-day moving average price is $17.93.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.0951 dividend. This is a positive change from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.