Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Short Interest Down 54.2% in May

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 289,353 shares, a decline of 54.2% from the April 30th total of 631,393 shares. Based on an average daily volume of 879,634 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.1%

NYSEARCA PFFA traded up $0.02 during trading on Tuesday, reaching $21.49. The company’s stock had a trading volume of 811,411 shares, compared to its average volume of 991,916. Virtus InfraCap U.S. Preferred Stock ETF has a twelve month low of $20.23 and a twelve month high of $22.50. The business’s fifty day moving average price is $21.23 and its 200-day moving average price is $21.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AdvisorNet Financial Inc raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% during the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock worth $6,373,000 after buying an additional 80,180 shares in the last quarter. JPMorgan Chase & Co. raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% in the third 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in the third quarter. EverSource Wealth Advisors LLC now owns 4,500 shares of the company’s stock valued at $98,000 after acquiring an additional 1,500 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% in the third quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock valued at $580,000 after acquiring an additional 695 shares during the period. Finally, Triumph Capital Management lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 2.4% in the third quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock valued at $476,000 after acquiring an additional 518 shares during the period.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.