Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Short Interest Update

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 77,768 shares, a drop of 50.7% from the August 15th total of 157,899 shares. Based on an average daily volume of 91,757 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.

Global X Variable Rate Preferred ETF Price Performance

Global X Variable Rate Preferred ETF stock traded up $0.05 during mid-day trading on Wednesday, reaching $21.87. 174,137 shares of the company’s stock traded hands, compared to its average volume of 69,906. The stock has a 50 day moving average of $21.99 and a two-hundred day moving average of $22.12. Global X Variable Rate Preferred ETF has a 12-month low of $21.70 and a 12-month high of $23.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PFFV. Corient Private Wealth LP purchased a new position in shares of Global X Variable Rate Preferred ETF in the 2nd quarter worth approximately $222,000. Bedel Financial Consulting Inc. raised its holdings in Global X Variable Rate Preferred ETF by 2.1% during the 2nd 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 period. Integral Investment Advisors Inc. raised its holdings in Global X Variable Rate Preferred ETF by 7.2% during the 2nd quarter. Integral Investment Advisors Inc. now owns 116,315 shares of the company’s stock valued at $2,562,000 after buying an additional 7,783 shares during the period. LFG Wealth Partners LLC lifted its position in Global X Variable Rate Preferred ETF by 9.4% in the first quarter. LFG Wealth Partners LLC now owns 101,461 shares of the company’s stock worth $2,215,000 after buying an additional 8,738 shares during the last quarter. Finally, Foguth Wealth Management LLC. bought a new stake in Global X Variable Rate Preferred ETF in the first quarter worth $4,621,000.

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.