The iShares Preferred and Income Securities ETF (PFF) has experienced an outflow of approximately $156.6 million, marking a 1.1% decrease in shares outstanding from 450,950,000 to 445,850,000 week over week. This is significant as it highlights a shift in investor sentiment towards this particular ETF.
Currently, PFF’s share price stands at $30.44, situated between its 52-week low of $28.70 and high of $32.26. This trend is noteworthy considering the ETF’s reliance on the trading of “units,” which are created or destroyed based on investor demand, thereby affecting the underlying holdings as well.
