Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Short Interest Update

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 207,250 shares, a drop of 59.6% from the May 31st total of 512,651 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,072,643 shares, the short-interest ratio is currently 0.2 days.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

PFFA traded up $0.12 during trading on Monday, reaching $20.66. 1,450,508 shares of the company were exchanged, compared to its average volume of 1,026,225. The firm has a 50 day moving average of $21.37 and a 200 day moving average of $21.44. Virtus InfraCap U.S. Preferred Stock ETF has a 52 week low of $20.23 and a 52 week high of $22.50.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings 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 worth $62,000 after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock valued at $1,151,000 after purchasing an additional 52,876 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock valued at $580,000 after purchasing an additional 695 shares during the period. Triumph Capital Management grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 2.4% in the 3rd quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after purchasing an additional 518 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% in the 3rd quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock worth $388,000 after purchasing an additional 9,584 shares during the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.