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

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,006 shares, an increase of 76.4% from the July 15th total of 13,039 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 48,443 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

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

InfraCap REIT Preferred ETF Stock Performance

Shares of PFFR remained flat at $17.65 during midday trading on Tuesday. The stock had a trading volume of 2,676 shares, compared to its average volume of 39,547. The company has a 50-day moving average price of $17.64 and a 200-day moving average price of $17.72. InfraCap REIT Preferred ETF has a fifty-two week low of $17.05 and a fifty-two week high of $19.27.

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.