28-Mar-2024
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The VanEck Preferred Securities ex Financials ETF (PFXF) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN), which is intended to track the overall performance of U.S. exchange-listed hybrid debt, preferred stock and convertible preferred stock issued by non-financial corporations.
Vaneck Preferred Securities Ex Financials ETF trades on the ARCA stock market under the symbol PFXF.
As of March 28, 2024, PFXF stock price declined to $17.69 with 798,323 million shares trading.
PFXF has a beta of 0.68, meaning it tends to be less sensitive to market movements. PFXF has a correlation of 0.44 to the broad based SPY ETF.
PFXF has a market cap of $1.61 billion. This is considered a Small Cap stock.
In the last 3 years, PFXF stock traded as high as $21.98 and as low as $15.58.
PFXF has underperformed the market in the last year with a price return of +10.2% while the SPY ETF gained +33.6%. PFXF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.3% and -0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PFXF support price is $17.82 and resistance is $17.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFXF stock will trade within this expected range on the day.