Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 79,825 shares, a decline of 43.0% from the April 15th total of 140,003 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 50,283 shares, the short-interest ratio is currently 1.6 days.
Institutional Trading of Global X Variable Rate Preferred ETF
Several hedge funds have recently added to or reduced their stakes in PFFV. SouthState Bank Corp bought a new stake in Global X Variable Rate Preferred ETF in the first quarter worth about $44,000. Glassman Wealth Services bought a new stake in Global X Variable Rate Preferred ETF in the fourth quarter worth about $49,000. Kestra Advisory Services LLC bought a new stake in Global X Variable Rate Preferred ETF in the fourth quarter worth about $80,000. Royal Bank of Canada bought a new stake in Global X Variable Rate Preferred ETF in the fourth quarter worth about $157,000. Finally, Fifth Third Bancorp purchased a new position in shares of Global X Variable Rate Preferred ETF in the first quarter worth about $214,000.
Global X Variable Rate Preferred ETF Stock Performance
PFFV stock traded down $0.05 during mid-day trading on Friday, hitting $22.26. The company had a trading volume of 42,555 shares, compared to its average volume of 62,352. Global X Variable Rate Preferred ETF has a 12 month low of $21.70 and a 12 month high of $23.38. The stock’s fifty day moving average price is $22.16 and its two-hundred day moving average price is $22.43.
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.
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