VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Short Interest Update

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 234,045 shares, a drop of 52.5% from the June 15th total of 492,423 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 914,796 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On VanEck Preferred Securities ex Financials ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd boosted its stake in shares of VanEck Preferred Securities ex Financials ETF by 56.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,111 shares of the company’s stock valued at $70,000 after buying an additional 1,491 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of VanEck Preferred Securities ex Financials ETF by 5.0% in the second quarter. NewEdge Advisors LLC now owns 48,239 shares of the company’s stock worth $826,000 after buying an additional 2,315 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of VanEck Preferred Securities ex Financials ETF in the second quarter worth $61,000. MML Investors Services LLC raised its holdings in VanEck Preferred Securities ex Financials ETF by 4.9% in the second quarter. MML Investors Services LLC now owns 1,187,758 shares of the company’s stock valued at $20,334,000 after acquiring an additional 55,727 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in VanEck Preferred Securities ex Financials ETF in the second quarter valued at $688,000.

VanEck Preferred Securities ex Financials ETF Stock Performance

Shares of NYSEARCA PFXF opened at $17.60 on Tuesday. VanEck Preferred Securities ex Financials ETF has a 1 year low of $17.03 and a 1 year high of $19.07. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62. The stock’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $18.19.

VanEck Preferred Securities ex Financials ETF Company Profile

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded. PFXF was launched on Jul 16, 2012 and is managed by VanEck.