VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Update

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 234,045 shares, a decrease of 52.5% from the June 15th total of 492,423 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 914,796 shares, the days-to-cover ratio is currently 0.3 days.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of PFXF stock opened at $17.60 on Tuesday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. VanEck Preferred Securities ex Financials ETF has a one year low of $17.03 and a one year high of $19.07. The company’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $18.19.

Institutional Inflows and Outflows

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

About VanEck Preferred Securities ex Financials ETF

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.