AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Short Interest Up 4,752.4% in January

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 27,513 shares, a growth of 4,752.4% from the January 15th total of 567 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 134,961 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 134,961 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On AAM Low Duration Preferred & Income Securities ETF

A hedge fund recently raised its stake in AAM Low Duration Preferred & Income Securities ETF stock. Captrust Financial Advisors boosted its holdings in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,055 shares of the company’s stock after acquiring an additional 1,029 shares during the quarter. Captrust Financial Advisors owned 0.66% of AAM Low Duration Preferred & Income Securities ETF worth $3,256,000 at the end of the most recent quarter.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

AAM Low Duration Preferred & Income Securities ETF stock traded up $0.03 during midday trading on Tuesday, reaching $19.77. The stock had a trading volume of 139,089 shares, compared to its average volume of 111,463. The company has a fifty day moving average price of $19.68 and a two-hundred day moving average price of $19.68. AAM Low Duration Preferred & Income Securities ETF has a 12 month low of $19.23 and a 12 month high of $20.86.

AAM Low Duration Preferred & Income Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Friday, January 30th were given a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, January 30th.

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.