Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Short Interest Update

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 350,686 shares, a growth of 240.5% from the April 15th total of 102,987 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 209,213 shares, the short-interest ratio is presently 1.7 days.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF remained flat at $19.00 during trading hours on Thursday. 209,739 shares of the company were exchanged, compared to its average volume of 263,999. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.63 and a 52 week high of $19.32. The firm has a 50 day simple moving average of $18.97 and a 200 day simple moving average of $19.06.

Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Evelyn Partners Asset Management Ltd purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Rothschild Investment LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 126.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $77,000.

About Principal Spectrum Preferred Securities Active ETF

The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.