ETF Chart of the Day: Preferred Seating
May 08, 2015 at 13:20 PM EDT
We had a few inquiries earlier this week on why there was so much selling pressure in preferred stocks, tracked by PFF (iShares S&P U.S. Preferred Stock, Expense Ratio 0.47%, Yield 2.66%) as there was very heavy volume the past two sessions after an especially steep Wednesday sell-off. Alas,...