iShares Preferred and Income Securities ETF (NASDAQ:PFF) Short Interest Update

iShares Preferred and Income Securities ETF (NASDAQ:PFF) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 6,182,118 shares, an increase of 49.4% from the January 15th total of 4,137,395 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average trading volume of 3,298,735 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 3,298,735 shares, the short-interest ratio is presently 1.9 days. Approximately 1.4% of the company’s shares are sold short.

iShares Preferred and Income Securities ETF Trading Up 0.7%

Shares of NASDAQ PFF opened at $31.69 on Friday. The firm has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $31.38. iShares Preferred and Income Securities ETF has a 12 month low of $28.70 and a 12 month high of $32.26. The firm has a market capitalization of $14.13 billion, a PE ratio of 3.71 and a beta of 0.53.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1772 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Trading of iShares Preferred and Income Securities ETF

Several large investors have recently bought and sold shares of the company. Providence First Trust Co raised its position in shares of iShares Preferred and Income Securities ETF by 32.6% in the 2nd quarter. Providence First Trust Co now owns 47,148 shares of the company’s stock worth $1,446,000 after acquiring an additional 11,587 shares in the last quarter. Arkadios Wealth Advisors grew its stake in iShares Preferred and Income Securities ETF by 7.4% in the second quarter. Arkadios Wealth Advisors now owns 79,275 shares of the company’s stock worth $2,432,000 after purchasing an additional 5,473 shares during the period. Wellington Shields Capital Management LLC raised its holdings in iShares Preferred and Income Securities ETF by 14.1% in the second quarter. Wellington Shields Capital Management LLC now owns 4,098 shares of the company’s stock worth $126,000 after purchasing an additional 505 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in iShares Preferred and Income Securities ETF by 2.3% in the second quarter. Crestwood Advisors Group LLC now owns 33,863 shares of the company’s stock worth $1,039,000 after purchasing an additional 775 shares in the last quarter. Finally, Atlantic Union Bankshares Corp lifted its position in iShares Preferred and Income Securities ETF by 11.2% during the second quarter. Atlantic Union Bankshares Corp now owns 21,842 shares of the company’s stock valued at $670,000 after buying an additional 2,194 shares during the period. 4.70% of the stock is owned by institutional investors.

About iShares Preferred and Income Securities ETF

iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).