Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Sees Large Decline in Short Interest

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 23,474 shares, a drop of 70.6% from the April 30th total of 79,825 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 64,694 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Global X Variable Rate Preferred ETF

Hedge funds have recently bought and sold shares of the business. Stratos Wealth Partners LTD. grew its stake in shares of Global X Variable Rate Preferred ETF by 1.8% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 26,316 shares of the company’s stock valued at $608,000 after acquiring an additional 459 shares during the period. West Michigan Advisors LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 2.0% during the 4th quarter. West Michigan Advisors LLC now owns 25,197 shares of the company’s stock valued at $561,000 after acquiring an additional 498 shares during the period. Osaic Holdings Inc. grew its stake in shares of Global X Variable Rate Preferred ETF by 3.7% during the 2nd quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock valued at $318,000 after acquiring an additional 500 shares during the period. Centurion Wealth Management LLC grew its stake in shares of Global X Variable Rate Preferred ETF by 3.8% during the 4th quarter. Centurion Wealth Management LLC now owns 14,260 shares of the company’s stock valued at $317,000 after acquiring an additional 522 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in shares of Global X Variable Rate Preferred ETF by 2.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 32,853 shares of the company’s stock valued at $730,000 after acquiring an additional 811 shares during the period.

Global X Variable Rate Preferred ETF Price Performance

Shares of PFFV opened at $22.40 on Friday. The firm has a 50 day moving average of $22.17 and a 200 day moving average of $22.39. Global X Variable Rate Preferred ETF has a twelve month low of $21.70 and a twelve month high of $23.38.

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.