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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 99,295 shares, a decline of 33.2% from the July 30th total of 148,581 shares. Based on an average daily volume of 591,533 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

NYSEARCA PFFA opened at $20.92 on Thursday. The business has a fifty day moving average price of $20.83 and a two-hundred day moving average price of $21.13. Virtus InfraCap U.S. Preferred Stock ETF has a fifty-two week low of $20.23 and a fifty-two week high of $22.50.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% in the third quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock valued at $1,151,000 after buying an additional 52,876 shares in the last quarter. Sunbelt Securities Inc. raised its stake 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 worth $1,157,000 after acquiring an additional 36,328 shares in the last quarter. NewEdge Advisors LLC raised its stake in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% during the third quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock worth $388,000 after acquiring an additional 9,584 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% in the first quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock worth $6,207,000 after acquiring an additional 9,144 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after acquiring an additional 7,805 shares during the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.