Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Up 24.0% in April

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 744,134 shares, an increase of 24.0% from the March 31st total of 600,168 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 711,299 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Global X U.S. Preferred ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orgel Wealth Management LLC grew its stake in Global X U.S. Preferred ETF by 4.9% in the fourth quarter. Orgel Wealth Management LLC now owns 7,370,268 shares of the company’s stock valued at $139,372,000 after purchasing an additional 343,311 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Global X U.S. Preferred ETF by 0.7% during the 3rd quarter. Bank of America Corp DE now owns 5,706,946 shares of the company’s stock worth $110,886,000 after purchasing an additional 41,798 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Global X U.S. Preferred ETF in the 3rd quarter valued at approximately $30,455,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in shares of Global X U.S. Preferred ETF by 68.8% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock valued at $30,136,000 after buying an additional 632,000 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of Global X U.S. Preferred ETF by 0.5% in the third quarter. Lido Advisors LLC now owns 1,545,514 shares of the company’s stock valued at $30,029,000 after buying an additional 8,347 shares in the last quarter.

Global X U.S. Preferred ETF Stock Down 0.5%

PFFD stock traded down $0.09 during midday trading on Friday, hitting $19.00. The company’s stock had a trading volume of 575,089 shares, compared to its average volume of 649,352. The company’s fifty day moving average price is $18.83 and its 200 day moving average price is $19.06. Global X U.S. Preferred ETF has a twelve month low of $18.22 and a twelve month high of $19.89.

About Global X U.S. Preferred ETF

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.