AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Down 34.8% in May

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 13,079 shares, a decline of 34.8% from the May 14th total of 20,048 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 89,219 shares, the days-to-cover ratio is presently 0.1 days.

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

NYSEARCA:PFLD traded up $0.01 during trading hours on Tuesday, reaching $19.67. 7,782 shares of the company traded hands, compared to its average volume of 84,683. The business’s 50-day moving average price is $19.63 and its two-hundred day moving average price is $19.65. AAM Low Duration Preferred & Income Securities ETF has a 1 year low of $19.29 and a 1 year high of $19.90.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its stake in AAM Low Duration Preferred & Income Securities ETF by 0.6% during the second quarter. Captrust Financial Advisors now owns 166,055 shares of the company’s stock valued at $3,256,000 after buying an additional 1,029 shares during the last quarter. Ascentis Independent Advisors purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the first quarter valued at $30,000. Alpine Bank Wealth Management raised its stake in AAM Low Duration Preferred & Income Securities ETF by 6.3% during the fourth quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock valued at $814,000 after buying an additional 2,453 shares during the last quarter. Finally, Teucrium Investment Advisors LLC purchased a new position in AAM Low Duration Preferred & Income Securities ETF during the fourth quarter valued at $5,744,000.

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.