Short Interest in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Decreases By 39.0%

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 80,451 shares, a drop of 39.0% from the June 15th total of 131,915 shares. Based on an average daily trading volume, of 230,249 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Principal Spectrum Preferred Securities Active ETF

Several hedge funds have recently made changes to their positions in PREF. Rothschild Investment LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Evelyn Partners Asset Management Ltd bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $36,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 126.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after acquiring an additional 1,695 shares during the period. Finally, Roxbury Financial LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $77,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF traded down $0.01 during trading on Thursday, reaching $18.94. 13,803 shares of the company’s stock traded hands, compared to its average volume of 255,647. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.64 and a 12 month high of $19.32. The company has a 50 day moving average of $18.98 and a 200-day moving average of $19.03.

Principal Spectrum Preferred Securities Active ETF Company Profile

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.