African Stock Exchanges

PREFTX - CoreShares Preftrax ETF

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PREFTX share price on Johannesburg Stock ExchangePREFTX share price on Johannesburg Stock Exchange

The CoreShares Preftrax ETF tracks the performance of the FTSE/JSE Preference Share Index and is part of the manager's equity income range. It is useful within a diversified income strategy, particularly for high marginal tax payers as it pays a dividend and not income. The primary benefit to investors is that preference shares pay a tax efficient dividend yield. Additionally, the dividend is generally higher than general equity. Dividends are contractual and calculated as a percentage of the prime lending rate.

NOTE: Shares of CoreShares Preftrax ETF have been delisted from the Johannesburg Stock Exchange (JSE) since close of trading on Tuesday, May 30, 2023. CoreShares Preftrax ETF was traded on the JSE under the ticker symbol “PREFTX”. CoreShares Preftrax ETF was the 328th most valuable stock on the JSE with a market capitalization of ZAR 266 million, which was about 0.0014% of the Johannesburg Stock Exchange equity market at the time of delisting.

PREFTX9.92 ▪ 0.00
1 year ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume0
Number of Deals0
Gross Turnover0.00
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding27M
Market Capitalization266M
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

PREFTX Stock Market Performance

1WK4WK3MO
+0.1%+0.31%-4.55%
6MO1YRYTD
-5.29%-4.37%-4.92%

The current share price of CoreShares Preftrax ETF (PREFTX) is ZAR 9.92. PREFTX closed its last trading day (Tuesday, May 30, 2023) at 9.85 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.1% gain over its previous closing price of 9.84 ZAR. CoreShares Preftrax ETF began the year with a share price of 10.36 ZAR but has since lost 4.92% off that price valuation.

CoreShares Preftrax ETF has traded a total volume of 4.43 million shares—in 955 deals—valued at ZAR 44 million over the past three months (Feb 24 - May 30, 2023), with an average of 70,255 traded shares per session. A volume high of 1.04 million was achieved on May 26th, and a low of 1,044 on March 23rd, for the same period. The table below details the last 10 trading days of activity of CoreShares Preftrax ETF on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2023-05-3019,7959.85+0.01+0.10%
2023-05-2923,6459.84
2023-05-261,039,4049.84-0.03-0.30%
2023-05-2511,2199.87+0.03+0.30%
2023-05-2440,4539.84
2023-05-2350,0539.84+0.02+0.20%
2023-05-2228,5589.82-0.03-0.30%
2023-05-19625,3559.85+0.02+0.20%
2023-05-1855,7619.83
2023-05-1714,2009.83

Profile of CoreShares Asset Management (Pty) Limited

CoreShares Asset Management (Pty) Limited operates in the Financials sector, specifically, the Investment Services industry.

Factsheet of CoreShares Asset Management (Pty) Limited

Sector
Financials
Industry
Investment Services
Address
4th Floor, Grindrod Tower, 8a Protea Place, Sandown, Sandton 2194, South Africa
Telephone
+27-11-459-1811, +27-21-702-8367, +27-21-702-8367

PREFTX Industrial Market Competitors

CoreShares Asset Management (Pty) Limited, issuers of the PREFTX, CoreShares All Asia Actively Managed ETF (+8.47%) and CoreShares Income Actively Managed ETF (-1.44%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.


Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

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