Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Rises By 2,166.9%

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 40,147 shares, a growth of 2,166.9% from the April 15th total of 1,771 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 92,347 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFLD. Teucrium Investment Advisors LLC bought a new position in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at approximately $5,744,000. Captrust Financial Advisors boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 4.2% in the 4th quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock worth $3,296,000 after buying an additional 6,771 shares during the last quarter. Alpine Bank Wealth Management boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% in the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after buying an additional 2,453 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of AAM Low Duration Preferred & Income Securities ETF in the 1st quarter worth $30,000.

AAM Low Duration Preferred & Income Securities ETF Price Performance

Shares of AAM Low Duration Preferred & Income Securities ETF stock remained flat at $19.68 during midday trading on Monday. The company had a trading volume of 41,660 shares, compared to its average volume of 90,370. AAM Low Duration Preferred & Income Securities ETF has a 52 week low of $19.29 and a 52 week high of $19.93. The firm has a 50-day moving average price of $19.58 and a 200 day moving average price of $19.65.

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.