Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Significant Decrease in Short Interest

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 732,478 shares, a decrease of 25.5% from the November 30th total of 982,713 shares. Based on an average daily trading volume, of 714,410 shares, the short-interest ratio is presently 1.0 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 714,410 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PFFD. MAI Capital Management grew its holdings in Global X U.S. Preferred ETF by 53.8% during the 1st quarter. MAI Capital Management now owns 340,532 shares of the company’s stock valued at $6,484,000 after buying an additional 119,082 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Global X U.S. Preferred ETF by 5.4% during the first quarter. Royal Bank of Canada now owns 717,579 shares of the company’s stock worth $13,663,000 after acquiring an additional 36,779 shares during the last quarter. Rockport Wealth LLC grew its stake in Global X U.S. Preferred ETF by 63.5% during the first quarter. Rockport Wealth LLC now owns 137,221 shares of the company’s stock valued at $2,613,000 after acquiring an additional 53,302 shares in the last quarter. Kestra Investment Management LLC grew its stake in Global X U.S. Preferred ETF by 66.4% during the first quarter. Kestra Investment Management LLC now owns 55,766 shares of the company’s stock valued at $1,062,000 after acquiring an additional 22,262 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Global X U.S. Preferred ETF by 1,157.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock valued at $2,925,000 after acquiring an additional 141,386 shares during the last quarter.

Global X U.S. Preferred ETF Price Performance

NYSEARCA:PFFD traded down $0.11 on Tuesday, reaching $18.95. 633,913 shares of the company’s stock traded hands, compared to its average volume of 728,702. The stock has a 50-day simple moving average of $19.03 and a 200-day simple moving average of $19.18. Global X U.S. Preferred ETF has a 12 month low of $17.81 and a 12 month high of $20.15.

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.