InfraCap REIT Preferred ETF (NYSEARCA:PFFR – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,345 shares, a drop of 89.5% from the April 30th total of 41,537 shares. Based on an average daily volume of 23,434 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
InfraCap REIT Preferred ETF Price Performance
PFFR stock remained flat at $17.58 during midday trading on Thursday. The company’s stock had a trading volume of 34,599 shares, compared to its average volume of 43,282. InfraCap REIT Preferred ETF has a one year low of $17.05 and a one year high of $19.27. The firm’s fifty day simple moving average is $17.61 and its 200 day simple moving average is $17.94.
Hedge Funds Weigh In On InfraCap REIT Preferred ETF
An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its holdings in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR – Free Report) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,840 shares of the company’s stock after purchasing an additional 2,033 shares during the period. Janney Montgomery Scott LLC owned approximately 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent reporting period.
InfraCap REIT Preferred ETF Company Profile
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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