iShares US Preferred Stock ETF (NASDAQ:PFF) Short Interest Update

iShares US Preferred Stock ETF (NASDAQ:PFF) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 7,100,000 shares, a decline of 22.1% from the August 31st total of 9,110,000 shares. Based on an average trading volume of 3,582,300 shares, the short-interest ratio is currently 2.0 days.

A number of large investors have recently modified their holdings of PFF. First Trust Advisors LP bought a new stake in shares of iShares US Preferred Stock ETF in the second quarter valued at about $1,080,000. Harbor Investment Advisory LLC lifted its holdings in iShares US Preferred Stock ETF by 440.3% in the second quarter. Harbor Investment Advisory LLC now owns 7,197 shares of the company’s stock valued at $249,000 after acquiring an additional 5,865 shares during the period. Sawtooth Solutions LLC lifted its holdings in iShares US Preferred Stock ETF by 930.7% in the second quarter. Sawtooth Solutions LLC now owns 97,464 shares of the company’s stock valued at $3,376,000 after acquiring an additional 88,008 shares during the period. DAVENPORT & Co LLC lifted its holdings in iShares US Preferred Stock ETF by 42.7% in the second quarter. DAVENPORT & Co LLC now owns 42,340 shares of the company’s stock valued at $1,467,000 after acquiring an additional 12,675 shares during the period. Finally, M&T Bank Corp lifted its holdings in iShares US Preferred Stock ETF by 36.0% in the second quarter. M&T Bank Corp now owns 44,549 shares of the company’s stock valued at $1,543,000 after acquiring an additional 11,790 shares during the period.

Shares of NASDAQ PFF traded up $0.23 during midday trading on Thursday, hitting $36.52. The company’s stock had a trading volume of 10,291,329 shares, compared to its average volume of 5,449,899. The stock has a fifty day moving average price of $36.40 and a 200 day moving average price of $34.54. iShares US Preferred Stock ETF has a one year low of $23.85 and a one year high of $38.33.

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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