Short Interest in AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) Decreases By 62.4%

AAM Low Duration Preferred & Income Securities ETF (NYSEARCA:PFLD) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,632 shares, a decrease of 62.4% from the February 26th total of 4,338 shares. Based on an average daily trading volume, of 111,685 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 111,685 shares, the days-to-cover ratio is presently 0.0 days.

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

Large investors have recently added to or reduced their stakes in the company. Teucrium Investment Advisors LLC purchased a new stake in AAM Low Duration Preferred & Income Securities ETF during the 4th quarter worth approximately $5,744,000. Alpine Bank Wealth Management boosted its stake in shares of AAM Low Duration Preferred & Income Securities ETF by 655.0% during the 3rd quarter. Alpine Bank Wealth Management now owns 39,146 shares of the company’s stock valued at $771,000 after buying an additional 33,961 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of AAM Low Duration Preferred & Income Securities ETF by 4.2% during the fourth quarter. Captrust Financial Advisors now owns 168,446 shares of the company’s stock worth $3,296,000 after buying an additional 6,771 shares in the last quarter.

AAM Low Duration Preferred & Income Securities ETF Stock Down 0.2%

NYSEARCA:PFLD opened at $19.41 on Wednesday. AAM Low Duration Preferred & Income Securities ETF has a fifty-two week low of $19.23 and a fifty-two week high of $20.64. The firm’s 50 day moving average is $19.70 and its two-hundred day moving average is $19.69.

AAM Low Duration Preferred & Income Securities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Shareholders of record on Friday, February 27th were issued a $0.085 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Friday, February 27th.

AAM Low Duration Preferred & Income Securities ETF Company Profile

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.