Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Rises By 20.9%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 396,985 shares, an increase of 20.9% from the December 31st total of 328,249 shares. Based on an average daily volume of 616,985 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 616,985 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Advisors Ltd. LLC bought a new stake in VanEck Preferred Securities ex Financials ETF during the second quarter worth $26,000. Simplex Trading LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 97.2% during the second quarter. Simplex Trading LLC now owns 1,597 shares of the company’s stock worth $27,000 after acquiring an additional 787 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter valued at approximately $29,000. Root Financial Partners LLC acquired a new position in VanEck Preferred Securities ex Financials ETF during the 3rd quarter worth approximately $33,000. Finally, International Assets Investment Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF during the fourth quarter worth $38,000.

VanEck Preferred Securities ex Financials ETF Price Performance

VanEck Preferred Securities ex Financials ETF stock traded up $0.06 during mid-day trading on Wednesday, reaching $18.24. 1,522,795 shares of the company were exchanged, compared to its average volume of 651,937. The firm has a market cap of $2.12 billion, a PE ratio of 0.59 and a beta of 0.60. The company has a fifty day simple moving average of $17.97 and a 200-day simple moving average of $17.80. VanEck Preferred Securities ex Financials ETF has a 12 month low of $15.28 and a 12 month high of $18.54.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.0485 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 3.2%.

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.