Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 355,748 shares, an increase of 357.4% from the August 31st total of 77,768 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average trading volume of 123,861 shares, the days-to-cover ratio is currently 2.9 days.
Global X Variable Rate Preferred ETF Stock Down 0.3%
Global X Variable Rate Preferred ETF stock traded down $0.06 during midday trading on Friday, hitting $21.77. 22,043 shares of the stock were exchanged, compared to its average volume of 70,579. The company has a fifty day simple moving average of $21.97 and a two-hundred day simple moving average of $22.09. Global X Variable Rate Preferred ETF has a 52 week low of $21.70 and a 52 week high of $23.29.
Institutional Investors Weigh In On Global X Variable Rate Preferred ETF
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Global X Variable Rate Preferred ETF by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 99,521 shares of the company’s stock valued at $2,192,000 after buying an additional 3,095 shares in the last quarter. Corient Private Wealth LP acquired a new stake in Global X Variable Rate Preferred ETF during the 2nd quarter worth $222,000. Bedel Financial Consulting Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 2.1% during the second quarter. Bedel Financial Consulting Inc. now owns 169,993 shares of the company’s stock worth $3,745,000 after acquiring an additional 3,466 shares in the last quarter. Integral Investment Advisors Inc. lifted its holdings in Global X Variable Rate Preferred ETF by 7.2% during the second quarter. Integral Investment Advisors Inc. now owns 116,315 shares of the company’s stock worth $2,562,000 after acquiring an additional 7,783 shares in the last quarter. Finally, LFG Wealth Partners LLC lifted its holdings in Global X Variable Rate Preferred ETF by 9.4% during the first quarter. LFG Wealth Partners LLC now owns 101,461 shares of the company’s stock worth $2,215,000 after acquiring an additional 8,738 shares in the last quarter.
Global X Variable Rate Preferred ETF Company Profile
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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