Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 23,474 shares, a decrease of 70.6% from the April 30th total of 79,825 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 64,694 shares, the days-to-cover ratio is currently 0.4 days.
Global X Variable Rate Preferred ETF Stock Performance
Shares of PFFV traded down $0.03 during mid-day trading on Friday, reaching $22.37. The stock had a trading volume of 37,445 shares, compared to its average volume of 60,997. Global X Variable Rate Preferred ETF has a 12 month low of $21.70 and a 12 month high of $23.38. The business has a fifty day moving average of $22.18 and a 200 day moving average of $22.39.
Hedge Funds Weigh In On Global X Variable Rate Preferred ETF
Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of Global X Variable Rate Preferred ETF by 84.4% during the first quarter. Janney Montgomery Scott LLC now owns 681,034 shares of the company’s stock worth $14,866,000 after acquiring an additional 311,788 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Global X Variable Rate Preferred ETF by 531.6% during the third quarter. Envestnet Asset Management Inc. now owns 519,963 shares of the company’s stock worth $12,022,000 after acquiring an additional 437,637 shares during the last quarter. Ironsides Asset Advisors LLC boosted its position in shares of Global X Variable Rate Preferred ETF by 26.3% during the third quarter. Ironsides Asset Advisors LLC now owns 287,455 shares of the company’s stock worth $6,646,000 after acquiring an additional 59,802 shares during the last quarter. LPL Financial LLC boosted its position in shares of Global X Variable Rate Preferred ETF by 11.6% during the fourth quarter. LPL Financial LLC now owns 261,711 shares of the company’s stock worth $5,815,000 after acquiring an additional 27,287 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Global X Variable Rate Preferred ETF by 7.0% during the second quarter. Bank of America Corp DE now owns 257,112 shares of the company’s stock worth $5,862,000 after acquiring an additional 16,712 shares during 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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