Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 99,295 shares, a decrease of 33.2% from the July 30th total of 148,581 shares. Based on an average daily trading volume, of 591,533 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.4%
Shares of NYSEARCA PFFA traded down $0.09 during midday trading on Tuesday, reaching $20.88. 750,499 shares of the stock were exchanged, compared to its average volume of 953,442. The company has a 50 day simple moving average of $20.83 and a 200 day simple moving average of $21.14. Virtus InfraCap U.S. Preferred Stock ETF has a twelve month low of $20.23 and a twelve month high of $22.50.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PFFA. Tsfg LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the second quarter worth $29,000. Allied Private Wealth LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in 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 grew its holdings in shares of 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 worth $173,000 after purchasing an additional 2,464 shares during the period. Finally, Venturi Wealth Management LLC grew 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 worth $287,000 after purchasing an additional 972 shares during the period.
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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