Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 222,531 shares, a growth of 897.6% from the October 15th total of 22,307 shares. Based on an average trading volume of 188,910 shares, the short-interest ratio is presently 1.2 days. Approximately 1.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PFFV. Columbus Macro LLC acquired a new position in Global X Variable Rate Preferred ETF in the 3rd quarter valued at approximately $20,953,000. Foguth Wealth Management LLC. grew its position in shares of Global X Variable Rate Preferred ETF by 220.6% in the third quarter. Foguth Wealth Management LLC. now owns 670,995 shares of the company’s stock valued at $14,400,000 after purchasing an additional 461,722 shares during the last quarter. International Assets Investment Management LLC increased its position in Global X Variable Rate Preferred ETF by 1,701.8% in the 3rd quarter. International Assets Investment Management LLC now owns 230,000 shares of the company’s stock worth $5,012,000 after buying an additional 217,235 shares during the period. Leslie Global Wealth LLC increased its position in Global X Variable Rate Preferred ETF by 7.6% during the third quarter. Leslie Global Wealth LLC now owns 175,599 shares of the company’s stock worth $3,826,000 after acquiring an additional 12,338 shares during the period. Finally, Bedel Financial Consulting Inc. raised its position in shares of 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 valued at $3,745,000 after buying an additional 3,466 shares during the last quarter.
Global X Variable Rate Preferred ETF Stock Performance
NYSEARCA PFFV opened at $20.75 on Friday. Global X Variable Rate Preferred ETF has a 1 year low of $20.74 and a 1 year high of $22.74. The stock’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $22.03.
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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