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

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 1,244 shares, a decline of 98.2% from the November 30th total of 68,223 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 162,796 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 162,796 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

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

PFLD stock traded down $0.01 during trading on Friday, hitting $19.68. 139,835 shares of the company traded hands, compared to its average volume of 138,228. AAM Low Duration Preferred & Income Securities ETF has a 1 year low of $19.23 and a 1 year high of $20.86. The stock’s 50-day simple moving average is $19.66 and its 200 day simple moving average is $19.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFLD. MassMutual Private Wealth & Trust FSB purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the second quarter valued at approximately $41,000. Alpine Bank Wealth Management raised its stake in AAM Low Duration Preferred & Income Securities ETF by 655.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 39,146 shares of the company’s stock valued at $771,000 after purchasing an additional 33,961 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in AAM Low Duration Preferred & Income Securities ETF by 4.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 89,316 shares of the company’s stock valued at $1,751,000 after purchasing an additional 3,916 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in AAM Low Duration Preferred & Income Securities ETF by 0.6% in the 2nd quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock valued at $3,256,000 after purchasing an additional 1,029 shares in the last quarter.

AAM Low Duration Preferred & Income Securities ETF Company Profile

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.