Infracap REIT Preferred ETF (NYSEARCA:PFFR) Shares Down 2%

Infracap REIT Preferred ETF (NYSEARCA:PFFR)’s share price fell 2% during trading on Monday . The stock traded as low as $17.81 and last traded at $17.89. 17,789 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 29,969 shares. The stock had previously closed at $18.25.

Infracap REIT Preferred ETF Stock Performance

The stock has a 50 day moving average price of $18.67 and a 200 day moving average price of $18.04.

Hedge Funds Weigh In On Infracap REIT Preferred ETF

An institutional investor recently raised its position in Infracap REIT Preferred ETF stock. Eudaimonia Partners LLC boosted its stake in Infracap REIT Preferred ETF (NYSEARCA:PFFR) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,553 shares of the company’s stock after purchasing an additional 1,560 shares during the period. Eudaimonia Partners LLC owned about 0.93% of Infracap REIT Preferred ETF worth $607,000 at the end of the most recent reporting period.

About Infracap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.