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

iShares Preferred and Income Securities ETF (NASDAQ:PFF) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 4,538,520 shares, a drop of 56.8% from the June 30th total of 10,509,821 shares. Based on an average daily volume of 2,646,277 shares, the short-interest ratio is currently 1.7 days. Approximately 1.0% of the company’s stock are short sold.

iShares Preferred and Income Securities ETF Price Performance

Shares of iShares Preferred and Income Securities ETF stock opened at $30.16 on Monday. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 3.71 and a beta of 0.53. The stock has a 50-day simple moving average of $30.83 and a 200-day simple moving average of $31.13. iShares Preferred and Income Securities ETF has a 52-week low of $30.10 and a 52-week high of $32.26.

iShares Preferred and Income Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.1417 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in iShares Preferred and Income Securities ETF by 2.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,747,061 shares of the company’s stock worth $54,089,000 after purchasing an additional 46,907 shares during the last quarter. Greenleaf Trust raised its position in shares of iShares Preferred and Income Securities ETF by 5.5% in the fourth quarter. Greenleaf Trust now owns 1,208,436 shares of the company’s stock valued at $37,413,000 after purchasing an additional 63,063 shares during the period. Cohen & Steers Inc. raised its position in shares of iShares Preferred and Income Securities ETF by 12,157.0% in the fourth quarter. Cohen & Steers Inc. now owns 904,077 shares of the company’s stock valued at $27,997,000 after purchasing an additional 896,701 shares during the period. Jaffetilchin Investment Partners LLC raised its position in shares of iShares Preferred and Income Securities ETF by 1.4% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 763,604 shares of the company’s stock valued at $23,641,000 after purchasing an additional 10,895 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of iShares Preferred and Income Securities ETF by 6.9% in the fourth quarter. NewEdge Advisors LLC now owns 410,553 shares of the company’s stock worth $12,711,000 after buying an additional 26,481 shares during the last quarter. 4.70% of the stock is owned by institutional investors.

About iShares Preferred and Income Securities ETF

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).