Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Drops By 29.5%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 728,080 shares, a decline of 29.5% from the November 30th total of 1,033,371 shares. Based on an average trading volume of 776,063 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 776,063 shares, the days-to-cover ratio is presently 0.9 days.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of NYSEARCA:PFFA traded down $0.01 during midday trading on Monday, hitting $21.60. The stock had a trading volume of 809,766 shares, compared to its average volume of 595,648. The company’s 50-day moving average price is $21.54 and its 200-day moving average price is $21.54. Virtus InfraCap U.S. Preferred Stock ETF has a fifty-two week low of $19.20 and a fifty-two week high of $22.50.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of hedge funds have recently added to or reduced their stakes in PFFA. Future Financial Wealth Managment LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 22.7% in the second quarter. Future Financial Wealth Managment LLC now owns 152,691 shares of the company’s stock valued at $3,181,000 after acquiring an additional 28,267 shares during the last quarter. Darden Wealth Group Inc grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 4.1% during the 2nd quarter. Darden Wealth Group Inc now owns 22,907 shares of the company’s stock valued at $477,000 after purchasing an additional 905 shares during the last quarter. AdvisorNet Financial Inc raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 34.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 215,553 shares of the company’s stock worth $4,680,000 after purchasing an additional 55,398 shares during the period. Venturi Wealth Management LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter worth $234,000. Finally, Farther Finance Advisors LLC lifted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% in the third quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock worth $66,000 after purchasing an additional 3,060 shares during the last quarter.

About Virtus InfraCap U.S. Preferred Stock ETF

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is an exchange-traded fund that is based on the SP US Preferred Stock index. The fund is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal. PFFA was launched on May 15, 2018 and is managed by Virtus.