Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Up 24.0% in April

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 744,134 shares, a growth of 24.0% from the March 31st total of 600,168 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 711,299 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Global X U.S. Preferred ETF

A number of large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter valued at about $562,000. Hegarty Advisors LLC boosted its position in shares of Global X U.S. Preferred ETF by 1.8% during the 1st quarter. Hegarty Advisors LLC now owns 100,740 shares of the company’s stock valued at $1,854,000 after acquiring an additional 1,785 shares during the last quarter. Beacon Financial Group boosted its position in shares of Global X U.S. Preferred ETF by 87.6% during the 1st quarter. Beacon Financial Group now owns 37,811 shares of the company’s stock valued at $696,000 after acquiring an additional 17,657 shares during the last quarter. First Interstate Bank boosted its position in shares of Global X U.S. Preferred ETF by 14.6% during the 1st quarter. First Interstate Bank now owns 204,730 shares of the company’s stock valued at $3,767,000 after acquiring an additional 26,138 shares during the last quarter. Finally, Greenwood Capital Associates LLC boosted its position in shares of Global X U.S. Preferred ETF by 2.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 125,979 shares of the company’s stock valued at $2,318,000 after acquiring an additional 3,384 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.5%

PFFD stock traded down $0.09 during mid-day trading on Friday, reaching $19.00. 575,089 shares of the company traded hands, compared to its average volume of 649,352. Global X U.S. Preferred ETF has a 52-week low of $18.22 and a 52-week high of $19.89. The company has a fifty day moving average price of $18.83 and a 200-day moving average price of $19.06.

About Global X U.S. Preferred ETF

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.