Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Up 349.3% in January

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 701,175 shares, a growth of 349.3% from the December 31st total of 156,045 shares. Based on an average daily trading volume, of 780,980 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 780,980 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Several large investors have recently bought and sold shares of the stock. Blair William & Co. IL grew its holdings in shares of Global X U.S. Preferred ETF by 3,442.9% in the 2nd quarter. Blair William & Co. IL now owns 2,728 shares of the company’s stock worth $51,000 after acquiring an additional 2,651 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in Global X U.S. Preferred ETF in the 2nd quarter valued at approximately $102,000. Geneos Wealth Management Inc. increased its stake in Global X U.S. Preferred ETF by 117.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock valued at $104,000 after buying an additional 2,974 shares during the period. Harbour Investments Inc. increased its stake in shares of Global X U.S. Preferred ETF by 718.7% in the second quarter. Harbour Investments Inc. now owns 5,600 shares of the company’s stock worth $105,000 after acquiring an additional 4,916 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Global X U.S. Preferred ETF during the second quarter worth $129,000.

Global X U.S. Preferred ETF Trading Down 0.4%

Shares of PFFD opened at $19.44 on Friday. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $20.03. The stock has a 50 day moving average of $19.15 and a 200-day moving average of $19.25.

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.