iShares US Preferred Stock ETF (PFF) Short Interest Update

iShares US Preferred Stock ETF (NASDAQ:PFF) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 4,520,219 shares, an increase of 97.7% from the August 15th total of 2,286,694 shares. Based on an average trading volume of 2,362,898 shares, the short-interest ratio is currently 1.9 days.

PFF opened at $37.27 on Friday. iShares US Preferred Stock ETF has a 1-year low of $36.52 and a 1-year high of $38.94.

The company also recently disclosed a monthly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, September 5th were given a dividend of $0.1608 per share. This represents a $1.93 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend was Tuesday, September 4th.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in iShares US Preferred Stock ETF by 13.6% during the 1st quarter. BlackRock Inc. now owns 6,002,460 shares of the company’s stock worth $225,452,000 after buying an additional 719,966 shares during the period. Morgan Stanley increased its position in iShares US Preferred Stock ETF by 4.1% during the 2nd quarter. Morgan Stanley now owns 5,942,773 shares of the company’s stock worth $224,102,000 after buying an additional 233,968 shares during the period. LPL Financial LLC increased its position in iShares US Preferred Stock ETF by 0.4% during the 1st quarter. LPL Financial LLC now owns 4,472,090 shares of the company’s stock worth $167,972,000 after buying an additional 16,534 shares during the period. MD Financial Management Inc. increased its position in iShares US Preferred Stock ETF by 9.1% during the 2nd quarter. MD Financial Management Inc. now owns 3,408,170 shares of the company’s stock worth $128,522,000 after buying an additional 285,541 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new position in iShares US Preferred Stock ETF during the 2nd quarter worth $3,244,000.

iShares US Preferred Stock 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.

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