iShares Preferred and Income Securities ETF (NASDAQ:PFF) Short Interest Update

iShares Preferred and Income Securities ETF (NASDAQ:PFF) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 11,580,569 shares, an increase of 51.5% from the February 12th total of 7,644,392 shares. Based on an average daily volume of 3,283,227 shares, the short-interest ratio is presently 3.5 days. Approximately 2.6% of the company’s stock are short sold. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 3,283,227 shares, the short-interest ratio is presently 3.5 days.

iShares Preferred and Income Securities ETF Price Performance

iShares Preferred and Income Securities ETF stock opened at $30.67 on Monday. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. iShares Preferred and Income Securities ETF has a one year low of $28.70 and a one year high of $32.26. The company’s fifty day moving average price is $31.53 and its two-hundred day moving average price is $31.39.

iShares Preferred and Income Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.0312 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. King Wealth Management Group boosted its position in iShares Preferred and Income Securities ETF by 4.9% during the second quarter. King Wealth Management Group now owns 36,029 shares of the company’s stock worth $1,105,000 after purchasing an additional 1,676 shares during the period. Sierra Capital LLC raised its position in shares of iShares Preferred and Income Securities ETF by 106.3% in the second quarter. Sierra Capital LLC now owns 83,384 shares of the company’s stock valued at $2,558,000 after purchasing an additional 42,972 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of iShares Preferred and Income Securities ETF by 124.7% in the second quarter. Hillsdale Investment Management Inc. now owns 10,560 shares of the company’s stock worth $324,000 after buying an additional 5,860 shares during the last quarter. White Pine Capital LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 2.5% in the second quarter. White Pine Capital LLC now owns 144,102 shares of the company’s stock worth $4,421,000 after buying an additional 3,454 shares during the last quarter. Finally, Titleist Asset Management LLC boosted its holdings in shares of iShares Preferred and Income Securities ETF by 10.3% during the 2nd quarter. Titleist Asset Management LLC now owns 11,112 shares of the company’s stock worth $341,000 after buying an additional 1,036 shares during the period. Institutional investors and hedge funds own 4.70% of the company’s stock.

iShares Preferred and Income Securities ETF Company Profile

iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The Underlying Index includes preferred stocks with a market capitalization over $100 million, which meet minimum price, liquidity, trading volume, maturity and other requirements determined by Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw Hill Companies (S&P).