Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 512,651 shares, an increase of 77.2% from the May 14th total of 289,353 shares. Based on an average daily trading volume, of 926,967 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PFFA. Field & Main Bank bought a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter valued at approximately $31,000. Flagship Harbor Advisors LLC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after purchasing an additional 1,000 shares during the last quarter. Anfield Capital Management LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 44.4% during the 4th quarter. Anfield Capital Management LLC now owns 8,013 shares of the company’s stock valued at $173,000 after purchasing an additional 2,464 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the 1st quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock valued at $287,000 after purchasing an additional 972 shares during the last quarter.
Virtus InfraCap U.S. Preferred Stock ETF Price Performance
Shares of PFFA traded up $0.24 during midday trading on Monday, reaching $21.35. The stock had a trading volume of 893,509 shares, compared to its average volume of 1,001,038. The company’s 50-day moving average is $21.38 and its 200 day moving average is $21.47. Virtus InfraCap U.S. Preferred Stock ETF has a 12-month low of $20.23 and a 12-month high of $22.50.
Virtus InfraCap U.S. Preferred Stock ETF Company Profile
The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is an exchange-traded fund that is based on the SP US Preferred Stock index. The fund is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal. PFFA was launched on May 15, 2018 and is managed by Virtus.
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