Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stock Short Interest Report for October

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,539,353 shares, an increase of 339.0% from the October 15th total of 1,033,963 shares. Based on an average trading volume of 2,244,767 shares, the short-interest ratio is currently 2.0 days. Currently, 4.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Orgel Wealth Management LLC lifted its stake in shares of Global X U.S. Preferred ETF by 1.5% during the 3rd quarter. Orgel Wealth Management LLC now owns 6,927,424 shares of the company’s stock worth $121,923,000 after buying an additional 101,232 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Global X U.S. Preferred ETF by 12.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock valued at $47,145,000 after buying an additional 272,858 shares during the last quarter. Lido Advisors LLC acquired a new position in Global X U.S. Preferred ETF in the 3rd quarter valued at about $32,899,000. New York Life Investment Management LLC grew its stake in Global X U.S. Preferred ETF by 15.9% in the 3rd quarter. New York Life Investment Management LLC now owns 1,629,610 shares of the company’s stock valued at $28,681,000 after buying an additional 223,554 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Global X U.S. Preferred ETF by 17.1% in the 1st quarter. Cetera Investment Advisers now owns 1,254,426 shares of the company’s stock valued at $23,081,000 after acquiring an additional 182,979 shares during the period.

Global X U.S. Preferred ETF Trading Down 0.4%

Global X U.S. Preferred ETF stock traded down $0.07 during mid-day trading on Friday, hitting $16.59. 1,547,042 shares of the company’s stock traded hands, compared to its average volume of 845,024. The firm has a 50 day simple moving average of $17.49 and a two-hundred day simple moving average of $18.48. Global X U.S. Preferred ETF has a fifty-two week low of $16.57 and a fifty-two week high of $19.65.

Global X U.S. Preferred ETF Company Profile

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.