Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Rises By 74.1%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 872,539 shares, an increase of 74.1% from the February 12th total of 501,084 shares. Based on an average daily volume of 481,015 shares, the short-interest ratio is presently 1.8 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 481,015 shares, the short-interest ratio is presently 1.8 days.

VanEck Preferred Securities ex Financials ETF Price Performance

Shares of PFXF opened at $17.77 on Friday. The firm has a market cap of $2.10 billion, a PE ratio of 0.59 and a beta of 0.60. The stock’s fifty day moving average price is $18.26 and its two-hundred day moving average price is $17.93. VanEck Preferred Securities ex Financials ETF has a 1 year low of $15.28 and a 1 year high of $18.57.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.0951 dividend. This is an increase from VanEck Preferred Securities ex Financials ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.4%.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in VanEck Preferred Securities ex Financials ETF by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 541,207 shares of the company’s stock valued at $9,617,000 after buying an additional 40,853 shares in the last quarter. Blair William & Co. IL raised its holdings in VanEck Preferred Securities ex Financials ETF by 8,489.4% during the 3rd quarter. Blair William & Co. IL now owns 171,788 shares of the company’s stock valued at $3,053,000 after acquiring an additional 169,788 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 11.4% during the second quarter. Rockefeller Capital Management L.P. now owns 67,940 shares of the company’s stock worth $1,163,000 after acquiring an additional 6,934 shares in the last quarter. Meridian Financial Partners LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 147.4% during the third quarter. Meridian Financial Partners LLC now owns 84,576 shares of the company’s stock worth $1,525,000 after acquiring an additional 50,396 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VanEck Preferred Securities ex Financials ETF in the third quarter worth $657,000.

VanEck Preferred Securities ex Financials ETF Company Profile

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.