AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Update

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,393 shares, an increase of 169.2% from the March 15th total of 1,632 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 86,551 shares, the days-to-cover ratio is presently 0.1 days.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

Shares of NYSEARCA PFLD traded up $0.03 during trading on Friday, reaching $19.64. 62,463 shares of the company traded hands, compared to its average volume of 95,972. The firm has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $19.66. AAM Low Duration Preferred & Income Securities ETF has a 52-week low of $19.23 and a 52-week high of $19.98.

AAM Low Duration Preferred & Income Securities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 27th were paid a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, February 27th.

Hedge Funds Weigh In On AAM Low Duration Preferred & Income Securities ETF

Several institutional investors have recently made changes to their positions in PFLD. Alpine Bank Wealth Management lifted its stake in shares of 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 worth $771,000 after purchasing an additional 33,961 shares during the period. Captrust Financial Advisors lifted its stake in shares of 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 worth $3,256,000 after purchasing an additional 1,029 shares during the period. Finally, Teucrium Investment Advisors LLC bought a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the 4th quarter worth approximately $5,744,000.

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.