Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 148,581 shares, a drop of 78.8% from the July 15th total of 701,572 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 810,259 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PFFA. Allied Private Wealth LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter worth approximately $42,000. Sunbelt Securities Inc. raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after acquiring an additional 36,328 shares during the period. Bank of New York Mellon Corp lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after purchasing an additional 7,805 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after acquiring an additional 998 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of 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
NYSEARCA PFFA traded up $0.11 during trading hours on Thursday, hitting $21.19. The company’s stock had a trading volume of 643,348 shares, compared to its average volume of 975,186. The company’s 50 day simple moving average is $20.88 and its two-hundred day simple moving average is $21.21. Virtus InfraCap U.S. Preferred Stock ETF has a 12 month low of $20.23 and a 12 month high of $22.50.
About Virtus InfraCap U.S. Preferred Stock ETF
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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