Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Rises By 2,166.9%

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 40,147 shares, an increase of 2,166.9% from the April 15th total of 1,771 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 92,347 shares, the short-interest ratio is currently 0.4 days.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

AAM Low Duration Preferred & Income Securities ETF stock remained flat at $19.68 during trading on Monday. The company had a trading volume of 41,660 shares, compared to its average volume of 90,370. AAM Low Duration Preferred & Income Securities ETF has a one year low of $19.29 and a one year high of $19.93. The business’s 50 day moving average is $19.58 and its 200-day moving average is $19.65.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Teucrium Investment Advisors LLC bought a new stake in AAM Low Duration Preferred & Income Securities ETF during the fourth quarter valued at about $5,744,000. Captrust Financial Advisors increased its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock worth $3,296,000 after purchasing an additional 6,771 shares during the last quarter. Alpine Bank Wealth Management increased its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% in the fourth quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after purchasing an additional 2,453 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of AAM Low Duration Preferred & Income Securities ETF in the first quarter worth about $30,000.

About AAM Low Duration Preferred & Income Securities ETF

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.