Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 698,752 shares, a growth of 195.9% from the August 31st total of 236,142 shares. Based on an average daily volume of 962,998 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are sold short.
Institutional Trading of Global X U.S. Preferred ETF
Institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Global X U.S. Preferred ETF by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares in the last quarter. Lido Advisors LLC lifted its holdings in Global X U.S. Preferred ETF by 7.7% in the first quarter. Lido Advisors LLC now owns 1,642,883 shares of the company’s stock worth $30,229,000 after buying an additional 117,625 shares during the period. Cetera Investment Advisers increased its stake in shares of Global X U.S. Preferred ETF by 17.1% in the 1st quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock worth $23,081,000 after acquiring an additional 182,979 shares in the last quarter. Sei Investments Co. raised its stake in Global X U.S. Preferred ETF by 12.4% during the first quarter. Sei Investments Co. now owns 1,116,743 shares of the company’s stock valued at $20,548,000 after buying an additional 123,362 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Global X U.S. Preferred ETF in the first quarter worth approximately $18,434,000.
Global X U.S. Preferred ETF Stock Down 0.1%
NYSEARCA PFFD traded down $0.02 during trading on Friday, hitting $17.82. 1,924,772 shares of the company’s stock were exchanged, compared to its average volume of 681,575. Global X U.S. Preferred ETF has a fifty-two week low of $17.76 and a fifty-two week high of $19.65. The stock’s 50 day moving average price is $18.34 and its two-hundred day moving average price is $18.61.
Global X U.S. Preferred ETF Company Profile
The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.
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