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VanEck Preferred Securities ex Financials ETF (PFXF)

Preferred Stock | Exchange Traded Fund | NYSEArca
17.60 USD -0.22 (-1.235%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★★⯪☆
Hot Take ↕ | July 11, 2026, 3:41 a.m. EDT

The most compelling signal here is the massive divergence between the attractive yield and the defensive options positioning. While the 6.4% yield provides a solid income floor, the market is pricing in significant downside risk, evidenced by the heavy put open interest and the fact that the price is trading well below its 50-day moving average. The recent price action confirms this bearish bias, with the ETF failing to recover from June lows and struggling to break above the 50-day average. Although the multi-year trajectory shows a slight recovery in the latest year, the asset remains trapped in a downtrend relative to its recent averages, making it a speculative income play rather than a core holding.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.013923
AutoTheta0.014741
AutoETS0.014810
AutoARIMA0.014810

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 66%
H-stat 3.16
Ljung-Box p 0.000
Jarque-Bera p 0.218
Excess Kurtosis -0.20

As of July 11, 2026, 3:41 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (48 contracts at the $17 strike) compared to negligible call activity. Implied volatility is significantly elevated for puts (135%) versus calls (3%), indicating a market expectation of downside protection rather than upside participation.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.61% 6.47% 7.19% 6.83%
Dividend History
Date Dividend Yield %
2026-07-01 0.109 0.613048
2026-06-01 0.057 0.301747
2026-05-01 0.102 0.551650
2026-04-01 0.080 0.455063
2026-03-02 0.095 0.519978
2026-02-02 0.049 0.269675
2025-12-29 0.185 1.045198
2025-11-28 0.087 0.497143
2025-11-03 0.084 0.476461
2025-10-01 0.105 0.586920
2025-09-02 0.131 0.746014
2025-08-01 0.070 0.402994
2025-07-01 0.098 0.572096
2025-06-02 0.095 0.564468
2025-05-01 0.087 0.531460
2025-04-01 0.136 0.817799
2025-03-03 0.064 0.372309
2025-02-03 0.045 0.260870
2024-12-27 0.374 2.173155
2024-12-02 0.063 0.352152
2024-11-01 0.074 0.414566
2024-10-01 0.101 0.554945
2024-09-03 0.115 0.654525
2024-08-01 0.081 0.468208
2024-07-01 0.118 0.688850
2024-06-03 0.107 0.607609
2024-04-23 0.060 0.349243
2024-04-01 0.112 0.636725
2024-03-01 0.085 0.481586
2024-02-01 0.059 0.334088
2023-12-27 0.187 1.083430
2023-12-01 0.142 0.830409
2023-11-01 0.078 0.487195
2023-10-02 0.106 0.647922
2023-09-01 0.146 0.845397
2023-08-01 0.064 0.367394
2023-07-03 0.161 0.914773
2023-06-01 0.141 0.820722
2023-04-24 0.055 0.314106
2023-04-03 0.167 0.955924
2023-03-01 0.058 0.325843
2023-02-01 0.050 0.271150
2022-12-28 0.093 0.561255
2022-12-01 0.143 0.816210
2022-11-01 0.070 0.418410
2022-10-03 0.104 0.601156
2022-09-01 0.124 0.676487
2022-08-01 0.054 0.281397
2022-07-01 0.093 0.510148
2022-06-01 0.126 0.651163
2022-04-25 0.042 0.216161
2022-04-01 0.098 0.481572
2022-03-01 0.134 0.673029
2022-02-01 0.045 0.215931
2021-12-29 0.209 0.960037
2021-12-01 0.081 0.384981
2021-11-01 0.057 0.262190
2021-10-01 0.095 0.449385
2021-09-01 0.116 0.537535
2021-08-02 0.059 0.274291
2021-07-01 0.097 0.456256
2021-06-01 0.114 0.541311
2021-04-26 0.024 0.113154
2021-04-01 0.045 0.216450
2021-03-01 0.082 0.407757
2021-02-01 0.043 0.210681
2020-12-29 0.127 0.623160
2020-12-01 0.115 0.569871
2020-11-02 0.065 0.336265
2020-10-01 0.088 0.456668
2020-09-01 0.109 0.565060
2020-08-03 0.078 0.408591
2020-07-01 0.095 0.521405
2020-06-01 0.088 0.472103
2020-04-24 0.069 0.384830
2020-04-01 0.085 0.542092
2020-03-02 0.098 0.501279
2020-02-03 0.050 0.242718
2019-12-30 0.152 0.753221
2019-12-02 0.080 0.404040
2019-11-01 0.079 0.391865
2019-10-01 0.104 0.517156
2019-09-03 0.097 0.483308
2019-08-01 0.066 0.330165
2019-07-01 0.108 0.549618
2019-06-03 0.096 0.495612
2019-04-24 0.057 0.294878
2019-04-01 0.094 0.483042
2019-03-01 0.076 0.395216
2019-02-01 0.073 0.386243
2018-12-27 0.120 0.691643
2018-12-03 0.087 0.474373
2018-11-01 0.093 0.497859
2018-10-01 0.114 0.595300
2018-09-04 0.068 0.346056
2018-08-01 0.077 0.396294
2018-07-02 0.138 0.707692
2018-06-01 0.093 0.484880
2018-05-01 0.083 0.435924
2018-04-02 0.113 0.593799
2018-03-01 0.090 0.472689
2018-02-01 0.088 0.461216
2017-12-27 0.103 0.523906
2017-12-01 0.100 0.503525
2017-11-01 0.077 0.386352
2017-10-02 0.122 0.611835
2017-09-01 0.088 0.436941
2017-08-01 0.102 0.505451
2017-07-03 0.108 0.537313
2017-06-01 0.090 0.448878
2017-05-01 0.069 0.343284
2017-04-03 0.145 0.723553
2017-03-01 0.093 0.465233
2017-02-01 0.069 0.350254
2016-12-28 0.150 0.777202
2016-12-01 0.090 0.473684
2016-11-01 0.069 0.343968
2016-10-03 0.137 0.666018
2016-09-01 0.070 0.336862
2016-08-01 0.069 0.329670
2016-07-01 0.150 0.723938
2016-06-01 0.068 0.333170
2016-05-02 0.073 0.358194
2016-04-01 0.110 0.550551
2016-03-01 0.069 0.352580
2016-02-01 0.067 0.348414
2015-12-29 0.162 0.846395
2015-12-01 0.066 0.339157
2015-11-02 0.057 0.288462
2015-10-01 0.211 1.099531
2015-09-01 0.063 0.319797
2015-08-03 0.060 0.298063
2015-07-01 0.145 0.720676
2015-06-01 0.068 0.327711
2015-05-01 0.050 0.240964
2015-04-01 0.150 0.728509
2015-03-02 0.060 0.285987
2015-02-02 0.054 0.257634
2014-12-29 0.165 0.797872
2014-12-01 0.070 0.337512
2014-11-03 0.060 0.291262
2014-10-01 0.155 0.764677
2014-09-02 0.080 0.386660
2014-08-01 0.056 0.276817
2014-07-01 0.180 0.872093
2014-06-02 0.068 0.328661
2014-05-01 0.067 0.323671
2014-04-01 0.157 0.776843
2014-03-03 0.070 0.352113
2014-02-03 0.090 0.467532
2013-12-27 0.151 0.804475
2013-12-02 0.100 0.520562
2013-11-01 0.059 0.303342
2013-10-01 0.155 0.808977
2013-09-03 0.091 0.478695
2013-08-01 0.068 0.347293
2013-07-01 0.157 0.794534
2013-06-03 0.085 0.419339
2013-05-01 0.059 0.286130
2013-04-01 0.155 0.762795
2013-03-01 0.091 0.447835
2013-02-01 0.055 0.265829
2012-12-27 0.146 0.718858
2012-12-03 0.101 0.499259
2012-11-01 0.073 0.353169
2012-10-01 0.125 0.612745
2012-09-04 0.080 0.392349
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 6.42

Info Dump

Attribute Value
All Time High 21.98
All Time Low 12.26
Ask 0.0
Ask Size 5,200
Average Daily Volume10 Day 821,470
Average Daily Volume3 Month 966,544
Average Volume 966,544
Average Volume10Days 821,470
Beta3 Year 0.97
Bid 0.0
Bid Size 2,500
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 17.82
Day Low 17.5812
Dividend Yield 6.42
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 18.38
Fifty Day Average Change -0.7799988
Fifty Day Average Change Percent -0.042437367
Fifty Two Week Change Percent 1.4228821
Fifty Two Week High 19.07
Fifty Two Week High Change -1.4699993
Fifty Two Week High Change Percent -0.07708439
Fifty Two Week Low 17.03
Fifty Two Week Low Change 0.5699997
Fifty Two Week Low Change Percent 0.03347033
Fifty Two Week Range 17.03 - 19.07
First Trade Date Milliseconds 1,342,704,600,000
Five Year Average Return 0.030476699
Full Exchange Name NYSEArca
Fund Family VanEck
Fund Inception Date 1,342,396,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of U.S. exchange-listed hybrid debt, preferred stock and convertible preferred stock issued by non-financial corporations. The fund is non-diversified.
Long Name VanEck Preferred Securities ex Financials ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_214279555
Nav Price 17.79
Net Assets 2,628,590,080.0
Net Expense Ratio 0.4
Open 17.81
Phone 888-658-8287
Previous Close 17.82
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.219999
Regular Market Change Percent -1.23456
Regular Market Day High 17.82
Regular Market Day Low 17.5812
Regular Market Day Range 17.5812 - 17.82
Regular Market Open 17.81
Regular Market Previous Close 17.82
Regular Market Price 17.6
Regular Market Time 1,783,972,800
Regular Market Volume 653,306
Short Name VanEck Preferred Securities ex
Source Interval 15
Symbol PFXF
Three Year Average Return 0.073605
Total Assets 2,628,590,080
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 3.11223
Trailing Three Month Returns 3.11223
Triggerable 1
Two Hundred Day Average 18.0499
Two Hundred Day Average Change -0.44989967
Two Hundred Day Average Change Percent -0.024925327
Type Disp ETF
Volume 653,306
Yield 0.0642
Ytd Return 2.98304