Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 141,251 shares, a decrease of 60.3% from the September 15th total of 355,748 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 199,138 shares, the days-to-cover ratio is currently 0.7 days.
Global X Variable Rate Preferred ETF Trading Up 0.3%
Shares of PFFV stock traded up $0.06 during trading hours on Tuesday, hitting $21.50. 57,556 shares of the company’s stock were exchanged, compared to its average volume of 79,259. The business’s 50 day simple moving average is $21.88 and its 200-day simple moving average is $22.05. Global X Variable Rate Preferred ETF has a 12-month low of $21.44 and a 12-month high of $23.11.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. SouthState Bank Corp bought a new position in shares of Global X Variable Rate Preferred ETF during the first quarter valued at about $44,000. Envestnet Asset Management Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 3.2% in the second quarter. Envestnet Asset Management Inc. now owns 99,521 shares of the company’s stock worth $2,192,000 after buying an additional 3,095 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 2.1% in the second quarter. Bedel Financial Consulting Inc. now owns 169,993 shares of the company’s stock worth $3,745,000 after buying an additional 3,466 shares during the period. Bank of America Corp DE boosted its position in Global X Variable Rate Preferred ETF by 4.7% during the 1st quarter. Bank of America Corp DE now owns 135,828 shares of the company’s stock valued at $2,965,000 after acquiring an additional 6,153 shares in the last quarter. Finally, Comprehensive Money Management Services LLC boosted its position in Global X Variable Rate Preferred ETF by 10.0% during the 1st quarter. Comprehensive Money Management Services LLC now owns 69,053 shares of the company’s stock valued at $1,507,000 after acquiring an additional 6,300 shares in the last quarter.
About Global X Variable Rate Preferred ETF
The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.
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