AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Down 34.8% in May

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,079 shares, a decline of 34.8% from the May 14th total of 20,048 shares. Based on an average daily volume of 89,219 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

AAM Low Duration Preferred & Income Securities ETF Stock Up 0.1%

Shares of PFLD stock traded up $0.01 during mid-day trading on Tuesday, hitting $19.67. The company’s stock had a trading volume of 7,782 shares, compared to its average volume of 84,683. AAM Low Duration Preferred & Income Securities ETF has a 52-week low of $19.29 and a 52-week high of $19.90. The business has a 50-day moving average price of $19.63 and a 200 day moving average price of $19.65.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Teucrium Investment Advisors LLC purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the fourth quarter worth $5,744,000. Captrust Financial Advisors raised its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock worth $3,296,000 after purchasing an additional 6,771 shares during the last quarter. Alpine Bank Wealth Management raised its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% in the fourth 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. Finally, Ascentis Independent Advisors purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the first quarter worth $30,000.

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.