Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Increases By 315.6%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 412,624 shares, an increase of 315.6% from the August 15th total of 99,295 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 719,420 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the first quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock worth $6,207,000 after buying an additional 9,144 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after acquiring an additional 36,328 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after acquiring an additional 998 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after acquiring an additional 52,876 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after acquiring an additional 7,805 shares during the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of Virtus InfraCap U.S. Preferred Stock ETF stock opened at $20.62 on Monday. Virtus InfraCap U.S. Preferred Stock ETF has a one year low of $20.23 and a one year high of $22.50. The business has a 50-day simple moving average of $20.85 and a 200 day simple moving average of $21.08.

About Virtus InfraCap U.S. Preferred Stock ETF

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is an exchange-traded fund that is based on the SP US Preferred Stock index. The fund is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal. PFFA was launched on May 15, 2018 and is managed by Virtus.