VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Down 25.8% in March

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 647,741 shares, a decline of 25.8% from the February 26th total of 872,539 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 605,946 shares, the days-to-cover ratio is currently 1.1 days.

VanEck Preferred Securities ex Financials ETF Trading Down 0.8%

Shares of VanEck Preferred Securities ex Financials ETF stock traded down $0.14 on Friday, reaching $17.41. 574,612 shares of the company were exchanged, compared to its average volume of 618,958. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 0.59 and a beta of 0.60. VanEck Preferred Securities ex Financials ETF has a one year low of $15.28 and a one year high of $18.57. The company has a 50-day moving average of $18.15 and a 200 day moving average of $17.92.

VanEck Preferred Securities ex Financials ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid 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 was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.6%.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of VanEck Preferred Securities ex Financials ETF in the third quarter valued at approximately $33,000. International Assets Investment Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $38,000. High Point Wealth Management LLC bought a new stake in VanEck Preferred Securities ex Financials ETF in the 4th quarter valued at $50,000. Allworth Financial LP lifted its holdings in VanEck Preferred Securities ex Financials ETF by 72.0% during the 3rd quarter. Allworth Financial LP now owns 2,913 shares of the company’s stock valued at $52,000 after purchasing an additional 1,219 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $52,000 after purchasing an additional 2,731 shares during the last quarter.

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.