VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Down 47.8% in July

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 122,280 shares, a drop of 47.8% from the June 30th total of 234,045 shares. Based on an average daily volume of 711,686 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

VanEck Preferred Securities ex Financials ETF Stock Down 0.5%

Shares of VanEck Preferred Securities ex Financials ETF stock traded down $0.09 on Wednesday, hitting $17.44. The company’s stock had a trading volume of 513,720 shares, compared to its average volume of 774,352. VanEck Preferred Securities ex Financials ETF has a 52-week low of $17.03 and a 52-week high of $19.07. The company has a market capitalization of $2.39 billion, a P/E ratio of 0.59 and a beta of 0.62. The firm has a fifty day moving average price of $18.11 and a 200-day moving average price of $18.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Avidian Wealth Enterprises LLC lifted its position in VanEck Preferred Securities ex Financials ETF by 0.7% during 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 grew its stake in VanEck Preferred Securities ex Financials ETF by 7.0% in the fourth quarter. Mission Hills Financial Advisory LLC now owns 11,406 shares of the company’s stock worth $201,000 after purchasing an additional 751 shares in the last quarter. Van Hulzen Asset Management LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 7.3% in 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 during the last quarter. Chicago Partners Investment Group LLC increased its stake in VanEck Preferred Securities ex Financials ETF by 1.0% during the first quarter. Chicago Partners Investment Group LLC now owns 103,094 shares of the company’s stock valued at $1,909,000 after purchasing an additional 1,047 shares during the last quarter. Finally, World Investment Advisors raised its stake in VanEck Preferred Securities ex Financials ETF by 7.0% during the fourth quarter. World Investment Advisors now owns 17,635 shares of the company’s stock worth $311,000 after acquiring 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.