Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Expands By 39.3%

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 553,050 shares, an increase of 39.3% from the January 15th total of 396,985 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 588,362 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 588,362 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On VanEck Preferred Securities ex Financials ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in VanEck Preferred Securities ex Financials ETF by 36.7% during the third quarter. Bank of America Corp DE now owns 4,140,671 shares of the company’s stock worth $73,580,000 after acquiring an additional 1,111,754 shares during the period. LPL Financial LLC grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,961,370 shares of the company’s stock worth $52,298,000 after purchasing an additional 232,745 shares during the period. Raymond James Financial Inc. increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 3.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,763,760 shares of the company’s stock valued at $31,342,000 after purchasing an additional 59,762 shares in the last quarter. MML Investors Services LLC grew its position in shares of VanEck Preferred Securities ex Financials ETF by 6.7% during the 4th quarter. MML Investors Services LLC now owns 1,471,878 shares of the company’s stock valued at $25,993,000 after acquiring an additional 92,611 shares during the period. Finally, Tanager Wealth Management LLP grew its holdings in VanEck Preferred Securities ex Financials ETF by 12.7% in the fourth quarter. Tanager Wealth Management LLP now owns 1,449,088 shares of the company’s stock valued at $25,591,000 after purchasing an additional 162,742 shares during the period.

VanEck Preferred Securities ex Financials ETF Price Performance

PFXF traded up $0.14 during trading on Monday, reaching $18.43. 504,530 shares of the company’s stock were exchanged, compared to its average volume of 681,494. VanEck Preferred Securities ex Financials ETF has a 1 year low of $15.28 and a 1 year high of $18.54. The company’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $17.85. The stock has a market capitalization of $2.17 billion, a P/E ratio of 0.59 and a beta of 0.60.

VanEck Preferred Securities ex Financials ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.0485 dividend. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, February 2nd.

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.