InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Sees Significant Increase in Short Interest

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 41,537 shares, a growth of 573.5% from the April 15th total of 6,167 shares. Based on an average daily volume of 38,252 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.6% of the shares of the company are sold short.

InfraCap REIT Preferred ETF Trading Down 0.4%

Shares of NYSEARCA:PFFR traded down $0.07 during trading on Thursday, reaching $17.85. The company had a trading volume of 13,587 shares, compared to its average volume of 43,171. InfraCap REIT Preferred ETF has a fifty-two week low of $17.05 and a fifty-two week high of $19.27. The stock’s fifty day moving average price is $17.64 and its 200 day moving average price is $17.99.

InfraCap REIT Preferred ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.123 per share. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of InfraCap REIT Preferred ETF

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the period. Janney Montgomery Scott LLC owned approximately 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.