Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Drops By 72.4%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,342 shares, a decrease of 72.4% from the July 30th total of 23,006 shares. Based on an average daily trading volume, of 29,688 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of 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 shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the period. Janney Montgomery Scott LLC owned 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 at the end of the most recent reporting period.

InfraCap REIT Preferred ETF Trading Down 0.8%

PFFR traded down $0.14 during trading on Friday, hitting $17.47. 31,299 shares of the stock traded hands, compared to its average volume of 38,838. InfraCap REIT Preferred ETF has a 12-month low of $17.05 and a 12-month high of $19.27. The firm has a 50-day moving average of $17.61 and a 200 day moving average of $17.69.

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.