InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Short Interest Update

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,342 shares, a drop of 72.4% from the July 30th total of 23,006 shares. Based on an average daily volume of 29,688 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

A hedge fund recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC raised its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,840 shares of the company’s stock after purchasing an additional 2,033 shares during the quarter. Janney Montgomery Scott LLC owned 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent quarter.

InfraCap REIT Preferred ETF Price Performance

NYSEARCA PFFR traded up $0.08 on Thursday, hitting $17.61. 26,463 shares of the company were exchanged, compared to its average volume of 38,884. InfraCap REIT Preferred ETF has a twelve month low of $17.05 and a twelve month high of $19.27. The company’s 50 day moving average price is $17.62 and its 200-day moving average price is $17.69.

About InfraCap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.