VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Stock Short Interest Jumps 131.9%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 341,607 shares, a growth of 131.9% from the September 15th total of 147,320 shares. Based on an average daily volume of 651,346 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

VanEck Preferred Securities ex Financials ETF Trading Down 1.8%

Shares of PFXF opened at $17.23 on Thursday. The firm has a market cap of $2.29 billion, a PE ratio of 0.59 and a beta of 0.64. The firm has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $18.02. VanEck Preferred Securities ex Financials ETF has a 1-year low of $17.03 and a 1-year high of $19.07.

Institutional Trading of VanEck Preferred Securities ex Financials ETF

Several large investors have recently modified their holdings of the company. Sax Wealth Advisors LLC increased its holdings in VanEck Preferred Securities ex Financials ETF by 1.0% during the third quarter. Sax Wealth Advisors LLC now owns 75,262 shares of the company’s stock valued at $1,319,000 after buying an additional 781 shares during the last quarter. Investors Research Corp raised its position in VanEck Preferred Securities ex Financials ETF by 7.7% in the third quarter. Investors Research Corp now owns 337,664 shares of the company’s stock worth $5,916,000 after acquiring an additional 24,278 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 9.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 725,100 shares of the company’s stock worth $12,936,000 after acquiring an additional 65,009 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the 2nd quarter valued at $122,000. Finally, NewEdge Advisors LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 11.8% in the 2nd quarter. NewEdge Advisors LLC now owns 51,983 shares of the company’s stock worth $927,000 after purchasing an additional 5,489 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.