VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Sees Large Decrease in Short Interest

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 550,735 shares, a decline of 36.5% from the May 14th total of 867,876 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 702,953 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Avidian Wealth Enterprises LLC grew its stake in VanEck Preferred Securities ex Financials ETF by 0.7% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 86,976 shares of the company’s stock worth $1,536,000 after buying an additional 564 shares in the last quarter. Mission Hills Financial Advisory LLC raised its position in shares of VanEck Preferred Securities ex Financials ETF by 7.0% in the 4th quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock valued at $201,000 after buying an additional 751 shares in the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.3% during the 4th quarter. Van Hulzen Asset Management LLC now owns 12,184 shares of the company’s stock worth $215,000 after acquiring an additional 832 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.0% during the 1st quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock worth $1,909,000 after acquiring an additional 1,047 shares during the period. Finally, World Investment Advisors boosted its position in shares of VanEck Preferred Securities ex Financials ETF by 7.0% during the 4th quarter. World Investment Advisors now owns 17,635 shares of the company’s stock worth $311,000 after acquiring an additional 1,160 shares in the last quarter.

VanEck Preferred Securities ex Financials ETF Price Performance

NYSEARCA:PFXF traded down $0.07 during trading hours on Tuesday, reaching $18.61. 1,159,540 shares of the company were exchanged, compared to its average volume of 773,140. The business has a 50 day moving average of $18.44 and a 200 day moving average of $18.16. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.75 and a 1-year high of $19.07. The company has a market capitalization of $2.33 billion, a P/E ratio of 0.59 and a beta of 0.62.

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.