Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 236,142 shares, a drop of 66.5% from the August 15th total of 705,179 shares. Based on an average daily volume of 669,123 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.
Hedge Funds Weigh In On Global X U.S. Preferred ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Markowski Investments purchased a new stake in shares of Global X U.S. Preferred ETF in the second quarter worth approximately $30,000. Compass Financial Management LLC purchased a new position in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $36,000. Continuum Advisory LLC bought a new stake in Global X U.S. Preferred ETF during the second quarter worth $36,000. Root Financial Partners LLC bought a new stake in Global X U.S. Preferred ETF during the first quarter worth $44,000. Finally, International Assets Investment Management LLC bought a new stake in Global X U.S. Preferred ETF during the fourth quarter worth $50,000.
Global X U.S. Preferred ETF Stock Down 0.9%
Shares of Global X U.S. Preferred ETF stock traded down $0.16 during trading hours on Monday, reaching $17.96. The company’s stock had a trading volume of 1,044,146 shares, compared to its average volume of 664,583. Global X U.S. Preferred ETF has a one year low of $17.95 and a one year high of $19.89. The stock’s fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $18.70.
Global X U.S. Preferred ETF Company Profile
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.
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