Short Interest in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) Rises By 228.0%

by · The Cerbat Gem

VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 290,676 shares, an increase of 228.0% from the July 30th total of 88,617 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 840,843 shares, the days-to-cover ratio is presently 0.3 days.

VanEck Preferred Securities ex Financials ETF Stock Down 0.6%

Shares of NYSEARCA PFXF traded down $0.10 on Friday, reaching $17.96. 420,121 shares of the company’s stock traded hands, compared to its average volume of 766,136. The business’s 50 day simple moving average is $17.84 and its two-hundred day simple moving average is $18.12. VanEck Preferred Securities ex Financials ETF has a 12 month low of $17.03 and a 12 month high of $19.07. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 0.59 and a beta of 0.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its stake in VanEck Preferred Securities ex Financials ETF by 49.0% during the second quarter. HighTower Advisors LLC now owns 86,227 shares of the company’s stock valued at $1,538,000 after buying an additional 28,374 shares during the last quarter. Tassel Capital Management Inc. purchased a new stake in shares of VanEck Preferred Securities ex Financials ETF in the second quarter worth $1,207,000. Concurrent Investment Advisors LLC increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 1.1% during the second quarter. Concurrent Investment Advisors LLC now owns 344,948 shares of the company’s stock valued at $6,154,000 after acquiring an additional 3,690 shares in the last quarter. Investors Research Corp increased its holdings in shares of VanEck Preferred Securities ex Financials ETF by 6.5% during the second quarter. Investors Research Corp now owns 313,386 shares of the company’s stock valued at $5,591,000 after acquiring an additional 19,225 shares in the last quarter. Finally, Gill Capital Partners LLC purchased a new position in shares of VanEck Preferred Securities ex Financials ETF in the 2nd quarter worth about $50,000.

About VanEck Preferred Securities ex Financials ETF

(Get Free Report)

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.

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