Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Short Interest Update

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 201,240 shares, an increase of 185.8% from the July 15th total of 70,419 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 202,037 shares, the days-to-cover ratio is currently 1.0 days.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF traded down $0.03 during mid-day trading on Friday, reaching $18.83. 120,682 shares of the stock were exchanged, compared to its average volume of 248,570. The business’s 50 day moving average is $18.94 and its 200-day moving average is $19.00. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year high of $19.32.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

Several hedge funds have recently modified their holdings of PREF. Evelyn Partners Asset Management Ltd purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000. Rothschild Investment LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 126.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after purchasing an additional 1,695 shares in the last quarter. Boreal Capital Management LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $163,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $197,000.

About Principal Spectrum Preferred Securities Active ETF

The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.