Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Shares Shorted: Short Interest Up 357.4% in September

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 355,748 shares, a growth of 357.4% from the August 31st total of 77,768 shares. Based on an average daily trading volume, of 123,861 shares, the short-interest ratio is currently 2.9 days. Approximately 2.4% of the company’s shares are sold short.

Global X Variable Rate Preferred ETF Trading Down 0.0%

Shares of PFFV stock traded down $0.01 on Friday, hitting $21.81. The company had a trading volume of 456,368 shares, compared to its average volume of 72,962. The stock’s 50-day moving average is $21.97 and its two-hundred day moving average is $22.09. Global X Variable Rate Preferred ETF has a twelve month low of $21.70 and a twelve month high of $23.29.

Institutional Trading of Global X Variable Rate Preferred ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SouthState Bank Corp bought a new position in Global X Variable Rate Preferred ETF during the 1st quarter worth approximately $44,000. Fifth Third Bancorp bought a new stake in shares of Global X Variable Rate Preferred ETF in the 1st quarter valued at $214,000. Corient Private Wealth LP bought a new stake in shares of Global X Variable Rate Preferred ETF in the 2nd quarter valued at $222,000. Sei Investments Co. acquired a new stake in shares of Global X Variable Rate Preferred ETF during the first quarter worth $225,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Global X Variable Rate Preferred ETF during the first quarter worth $248,000.

Global X Variable Rate Preferred ETF Company Profile

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.