Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Drops By 50.1%

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 20,048 shares, a decrease of 50.1% from the April 30th total of 40,147 shares. Based on an average daily trading volume, of 59,268 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of AAM Low Duration Preferred & Income Securities ETF

Large investors have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the 1st quarter worth $30,000. Teucrium Investment Advisors LLC acquired a new stake in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at about $5,744,000. Captrust Financial Advisors grew its stake in AAM Low Duration Preferred & Income Securities ETF by 4.2% in the 4th quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock valued at $3,296,000 after acquiring an additional 6,771 shares during the last quarter. Finally, Alpine Bank Wealth Management boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% during the 4th 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.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

Shares of AAM Low Duration Preferred & Income Securities ETF stock remained flat at $19.65 during trading hours on Wednesday. 37,289 shares of the stock traded hands, compared to its average volume of 88,798. The company’s fifty day moving average price is $19.59 and its 200-day moving average price is $19.65. AAM Low Duration Preferred & Income Securities ETF has a fifty-two week low of $19.29 and a fifty-two week high of $19.90.

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.