Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Unusually-High Trading Volume – What’s Next?

Global X U.S. Preferred ETF (NYSEARCA:PFFD) shares saw unusually-high trading volume on Tuesday. 983,701 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 685,033 shares. The stock last traded at $17.6050 and had previously closed at $17.64.

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

The firm has a fifty day moving average price of $18.32 and a 200-day moving average price of $18.60.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PFFD. Markowski Investments acquired a new stake in Global X U.S. Preferred ETF in the second quarter valued at about $30,000. Compass Financial Management LLC acquired a new position in Global X U.S. Preferred ETF during the second quarter worth about $36,000. Continuum Advisory LLC bought a new position in shares of Global X U.S. Preferred ETF in the second quarter worth about $36,000. Root Financial Partners LLC bought a new position in shares of Global X U.S. Preferred ETF in the first quarter worth about $44,000. Finally, AG Campbell Advisory LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the 4th quarter valued at approximately $50,000.

Global X U.S. Preferred ETF Company Profile

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.