Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Expands By 573.5%

InfraCap REIT Preferred ETF (NYSEARCA:PFFRGet Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,537 shares, an increase of 573.5% from the April 15th total of 6,167 shares. Based on an average daily trading volume, of 38,252 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC boosted its position in InfraCap REIT Preferred ETF (NYSEARCA:PFFRFree Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,840 shares of the company’s stock after acquiring an additional 2,033 shares during the period. Janney Montgomery Scott LLC owned 0.76% of InfraCap REIT Preferred ETF worth $808,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Price Performance

Shares of InfraCap REIT Preferred ETF stock traded down $0.04 on Thursday, reaching $17.90. 1,968 shares of the company’s stock were exchanged, compared to its average volume of 43,557. InfraCap REIT Preferred ETF has a 52 week low of $17.05 and a 52 week high of $19.27. The firm’s 50-day moving average is $17.64 and its two-hundred day moving average is $17.99.

InfraCap REIT Preferred ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.123 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 8.2%.

InfraCap REIT Preferred ETF Company Profile

(Get Free Report)

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.

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