InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Shares Shorted: Short Interest Down 97.7% in October

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 599 shares, a decrease of 97.7% from the September 30th total of 26,119 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,223 shares, the days-to-cover ratio is presently 0.0 days.

InfraCap REIT Preferred ETF Stock Performance

Shares of NYSEARCA:PFFR traded up $0.19 during trading on Monday, reaching $16.43. 24,766 shares of the company traded hands, compared to its average volume of 38,143. The company’s 50 day moving average is $17.04 and its two-hundred day moving average is $17.59. InfraCap REIT Preferred ETF has a 52 week low of $16.23 and a 52 week high of $19.00.

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 raised its holdings in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the quarter. Janney Montgomery Scott LLC owned 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent SEC filing.

About InfraCap REIT Preferred ETF

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.