AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Down 45.6% in June

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 7,118 shares, a drop of 45.6% from the May 31st total of 13,079 shares. Based on an average trading volume of 44,887 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

AAM Low Duration Preferred & Income Securities ETF Price Performance

PFLD traded up $0.04 during trading on Wednesday, reaching $19.59. 58,920 shares of the company’s stock were exchanged, compared to its average volume of 83,936. The company’s fifty day moving average price is $19.65 and its 200-day moving average price is $19.65. AAM Low Duration Preferred & Income Securities ETF has a fifty-two week low of $19.29 and a fifty-two week high of $19.90.

Institutional Investors Weigh In On AAM Low Duration Preferred & Income Securities ETF

A number of institutional investors have recently made changes to their positions in the stock. Ascentis Independent Advisors bought a new stake in AAM Low Duration Preferred & Income Securities ETF in the first quarter valued at about $30,000. Alpine Bank Wealth Management grew its position in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% during the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after buying an additional 2,453 shares during the period. Captrust Financial Advisors grew its position in shares of AAM Low Duration Preferred & Income Securities ETF by 0.6% during the 2nd quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock worth $3,256,000 after buying an additional 1,029 shares during the period. Finally, Teucrium Investment Advisors LLC bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at about $5,744,000.

AAM Low Duration Preferred & Income Securities ETF Company Profile

The AAM Low Duration Preferred and Income Securities ETF (PFLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted U.S. index of short-term preferred and hybrid securities that are multifactor-selected. PFLD was launched on Nov 19, 2019 and is managed by AAM.