VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 160,713 shares, a decrease of 53.0% from the September 30th total of 341,607 shares. Based on an average trading volume of 903,991 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF
A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of VanEck Preferred Securities ex Financials ETF by 15.2% in the 1st quarter. Bank of America Corp DE now owns 5,351,204 shares of the company’s stock valued at $93,860,000 after purchasing an additional 705,474 shares during the last quarter. Parkway Wealth Management Group LLC increased its position in shares of VanEck Preferred Securities ex Financials ETF by 2.4% during the 3rd quarter. Parkway Wealth Management Group LLC now owns 839,267 shares of the company’s stock worth $14,704,000 after purchasing an additional 19,894 shares during the last quarter. Envestnet Asset Management Inc. increased its position 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 purchasing an additional 65,009 shares during the last quarter. Royal Bank of Canada raised its holdings in VanEck Preferred Securities ex Financials ETF by 47.5% in the 1st quarter. Royal Bank of Canada now owns 484,045 shares of the company’s stock valued at $8,491,000 after buying an additional 155,882 shares during the period. Finally, Carmel Capital Partners LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 5.7% in the 1st quarter. Carmel Capital Partners LLC now owns 394,621 shares of the company’s stock valued at $6,922,000 after buying an additional 21,373 shares during the period.
VanEck Preferred Securities ex Financials ETF Stock Performance
Shares of NYSEARCA:PFXF traded down $0.21 during trading on Friday, reaching $16.66. The stock had a trading volume of 781,025 shares, compared to its average volume of 769,091. The business has a fifty day moving average price of $17.56 and a 200-day moving average price of $18.00. The stock has a market cap of $2.19 billion, a PE ratio of 0.59 and a beta of 0.64. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.57 and a 1-year high of $19.07.
About VanEck Preferred Securities ex Financials ETF
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.
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