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

iShares Preferred and Income Securities ETF (NASDAQ:PFF) was the recipient of a large drop in short interest in the month of 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. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 2,646,277 shares, the days-to-cover ratio is currently 1.7 days.

iShares Preferred and Income Securities ETF Price Performance

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

iShares Preferred and Income Securities ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Preferred and Income Securities ETF

Several large investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. bought a new stake in iShares Preferred and Income Securities ETF during the 3rd quarter valued at approximately $33,000. Roxbury Financial LLC increased its position in iShares Preferred and Income Securities ETF by 2,833.3% in the 2nd quarter. Roxbury Financial LLC now owns 1,408 shares of the company’s stock worth $43,000 after buying an additional 1,360 shares during the period. Princeton Global Asset Management LLC lifted its holdings in shares of iShares Preferred and Income Securities ETF by 36.6% during the first quarter. Princeton Global Asset Management LLC now owns 1,608 shares of the company’s stock worth $49,000 after buying an additional 431 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of iShares Preferred and Income Securities ETF during the first quarter worth approximately $59,000. Finally, Payden & Rygel acquired a new position in shares of iShares Preferred and Income Securities ETF during the fourth quarter worth approximately $61,000. 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).