Fannie Mae (FNMA)

[kthomp19]

Common trading many Millions of shares

Preferred trade 0 to a few thousand

False.

Average over the last 30 days:
FNMA: 4,085,674 shares times $1.50 per share = $6,128,511 in dollar volume
FNMAS: 1,036,172 shares times $6.35 per share = $6,579,692 in dollar volume

It's even worse for FMCKJ ($4,243,819 dollar volume) versus FMCC ($2,781,629).

And that's just one series per company! The numbers don't lie: those pref series are more liquid than the commons.