iShares Preferred and Income Securities ETF (NASDAQ:PFF) Short Interest Down 16.0% in June

iShares Preferred and Income Securities ETF (NASDAQ:PFF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 6,350,000 shares, a decrease of 16.0% from the May 31st total of 7,560,000 shares. Based on an average trading volume of 4,143,300 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On iShares Preferred and Income Securities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in iShares Preferred and Income Securities ETF during the 4th quarter worth $27,000. M&R Capital Management Inc. grew its stake in shares of iShares Preferred and Income Securities ETF by 280.0% in the first quarter. M&R Capital Management Inc. now owns 950 shares of the company’s stock worth $31,000 after purchasing an additional 700 shares in the last quarter. Vima LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the fourth quarter worth $40,000. Future Financial Wealth Managment LLC bought a new position in shares of iShares Preferred and Income Securities ETF in the first quarter worth $56,000. Finally, Webster Bank N. A. grew its stake in shares of iShares Preferred and Income Securities ETF by 34.8% in the first quarter. Webster Bank N. A. now owns 1,867 shares of the company’s stock worth $60,000 after purchasing an additional 482 shares in the last quarter. 4.70% of the stock is owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Price Performance

Shares of PFF stock traded down $0.06 on Friday, hitting $31.55. 3,722,227 shares of the stock traded hands, compared to its average volume of 4,285,683. The company has a market capitalization of $14.42 billion, a PE ratio of 3.91 and a beta of 0.51. iShares Preferred and Income Securities ETF has a 1-year low of $28.15 and a 1-year high of $32.66. The company’s fifty day moving average is $31.48 and its 200 day moving average is $31.63.

iShares Preferred and Income Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.1634 per share. This represents a $1.96 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Monday, June 3rd.

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.