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 recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 13,079 shares, a decrease of 34.8% from the May 14th total of 20,048 shares. Based on an average daily volume of 89,219 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Teucrium Investment Advisors LLC acquired a new position in AAM Low Duration Preferred & Income Securities ETF in the 4th quarter valued at approximately $5,744,000. Captrust Financial Advisors lifted its position 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 acquiring an additional 6,771 shares during the period. Alpine Bank Wealth Management grew its holdings in shares of AAM Low Duration Preferred & Income Securities ETF by 6.3% during the 4th quarter. Alpine Bank Wealth Management now owns 41,599 shares of the company’s stock worth $814,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new stake in shares of AAM Low Duration Preferred & Income Securities ETF during the 1st quarter worth approximately $30,000.

AAM Low Duration Preferred & Income Securities ETF Stock Performance

NYSEARCA PFLD opened at $19.66 on Thursday. The company’s fifty day moving average is $19.64 and its two-hundred day moving average is $19.65. AAM Low Duration Preferred & Income Securities ETF has a 52-week low of $19.29 and a 52-week high of $19.90.

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.