Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Increase in Short Interest

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 512,651 shares, an increase of 77.2% from the May 14th total of 289,353 shares. Based on an average daily trading volume, of 926,967 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 37.2% in the fourth quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock worth $6,373,000 after acquiring an additional 80,180 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the third quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after acquiring an additional 52,876 shares during the last quarter. Sunbelt Securities Inc. raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after purchasing an additional 36,328 shares during the period. Farther Finance Advisors LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 514.1% during the fourth quarter. Farther Finance Advisors LLC now owns 18,805 shares of the company’s stock valued at $405,000 after purchasing an additional 15,743 shares during the period. Finally, Kelleher Financial Advisors bought a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 4th quarter valued at approximately $321,000.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

NYSEARCA PFFA opened at $21.35 on Wednesday. The business has a 50 day simple moving average of $21.40 and a two-hundred day simple moving average of $21.47. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $20.23 and a 1-year high of $22.50.

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.