Short Interest in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Expands By 116.7%

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 131,915 shares, an increase of 116.7% from the May 31st total of 60,865 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 215,188 shares, the days-to-cover ratio is presently 0.6 days.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $19.05 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 and a fifty-two week high of $19.32. The stock’s fifty day moving average is $19.00 and its two-hundred day moving average is $19.04.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. South Plains Financial Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 5.3% during the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after buying an additional 627 shares during the last quarter. Flagstar Advisors Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% in the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after acquiring an additional 771 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock worth $853,000 after acquiring an additional 913 shares during the last quarter. BTG Pactual Asset Management US LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% in the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock worth $597,000 after acquiring an additional 1,342 shares during the last quarter. Finally, First Citizens Financial Corp lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% in the fourth quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock valued at $1,160,000 after acquiring an additional 1,479 shares in the last quarter.

About Principal Spectrum Preferred Securities Active ETF

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.