VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Down 47.8% in July

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 122,280 shares, a decline of 47.8% from the June 30th total of 234,045 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 711,686 shares, the days-to-cover ratio is currently 0.2 days.

VanEck Preferred Securities ex Financials ETF Stock Down 0.2%

Shares of PFXF traded down $0.03 on Friday, reaching $17.58. The stock had a trading volume of 972,475 shares, compared to its average volume of 777,066. VanEck Preferred Securities ex Financials ETF has a twelve month low of $17.03 and a twelve month high of $19.07. The firm has a market capitalization of $2.40 billion, a PE ratio of 0.59 and a beta of 0.62. The firm has a 50-day moving average of $18.05 and a 200 day moving average of $18.16.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Several large investors have recently bought and sold shares of PFXF. Bank of America Corp DE raised its stake in shares of VanEck Preferred Securities ex Financials ETF by 15.2% during the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock worth $93,860,000 after buying an additional 705,474 shares during the last quarter. LPL Financial LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 8.5% in the 4th quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock valued at $52,298,000 after acquiring an additional 232,745 shares during the last quarter. Raymond James Financial Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 3.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after acquiring an additional 59,762 shares during the last quarter. Tanager Wealth Management LLP increased its holdings in VanEck Preferred Securities ex Financials ETF by 9.6% during the 1st quarter. Tanager Wealth Management LLP now owns 1,587,632 shares of the company’s stock valued at $27,847,000 after acquiring an additional 138,544 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 6.7% during the 4th quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock valued at $25,993,000 after acquiring an additional 92,611 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.