AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Sees Large Increase in Short Interest

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 5,057 shares, a growth of 321.1% from the September 15th total of 1,201 shares. Based on an average daily trading volume, of 104,589 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

PFLD stock remained flat at $19.20 during trading on Monday. The company had a trading volume of 36,633 shares, compared to its average volume of 77,047. The business’s fifty day simple moving average is $19.42 and its 200 day simple moving average is $19.54. AAM Low Duration Preferred & Income Securities ETF has a fifty-two week low of $19.06 and a fifty-two week high of $19.87.

Institutional Investors Weigh In On AAM Low Duration Preferred & Income Securities ETF

An institutional investor recently bought a new position in AAM Low Duration Preferred & Income Securities ETF stock. Ascentis Independent Advisors bought a new position in shares of AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,529 shares of the company’s stock, valued at approximately $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.