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

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 100,826 shares, a decline of 49.9% from the July 30th total of 201,240 shares. Based on an average trading volume of 185,147 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF

A number of hedge funds have recently made changes to their positions in PREF. Jane Street Group LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 136.4% during the 1st quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock worth $2,133,000 after acquiring an additional 65,823 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3,031.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock valued at $1,466,000 after purchasing an additional 74,827 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.6% in the 2nd quarter. NewEdge Advisors LLC now owns 158,682 shares of the company’s stock valued at $3,010,000 after purchasing an additional 6,946 shares during the period. Bank of America Corp DE boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock valued at $193,912,000 after purchasing an additional 992,700 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter valued at about $729,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA:PREF remained flat at $18.87 during trading on Friday. 169,935 shares of the stock traded hands, compared to its average volume of 249,858. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.64 and a 52 week high of $19.32. The stock has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $18.98.

Principal Spectrum Preferred Securities Active ETF Company Profile

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.