VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Update

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 290,676 shares, a growth of 228.0% from the July 30th total of 88,617 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 840,843 shares, the short-interest ratio is currently 0.3 days.

VanEck Preferred Securities ex Financials ETF Stock Performance

NYSEARCA:PFXF traded down $0.10 during trading hours on Friday, hitting $17.96. The stock had a trading volume of 420,121 shares, compared to its average volume of 766,136. The business’s 50 day moving average is $17.83 and its 200-day moving average is $18.12. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a one year low of $17.03 and a one year high of $19.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFXF. International Assets Investment Management LLC bought a new position in shares of VanEck Preferred Securities ex Financials ETF during the 4th quarter valued at about $38,000. Gill Capital Partners LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the 2nd quarter worth approximately $50,000. JPMorgan Chase & Co. raised its holdings in VanEck Preferred Securities ex Financials ETF by 1,338.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,935 shares of the company’s stock worth $52,000 after buying an additional 2,731 shares during the period. Darwin Wealth Management LLC bought a new position in VanEck Preferred Securities ex Financials ETF in the second quarter valued at $61,000. Finally, Rossmore Private Capital bought a new position in VanEck Preferred Securities ex Financials ETF in the first quarter valued at $70,000.

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.