Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Short Interest Update

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 207,250 shares, a decrease of 59.6% from the May 31st total of 512,651 shares. Based on an average daily volume of 1,072,643 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. AdvisorNet Financial Inc increased its position in Virtus InfraCap U.S. Preferred Stock ETF by 37.2% in the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock valued at $6,373,000 after acquiring an additional 80,180 shares during the period. JPMorgan Chase & Co. lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during 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 period. EverSource Wealth Advisors LLC lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,500 shares of the company’s stock worth $98,000 after acquiring an additional 1,500 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $671,000 after purchasing an additional 7,805 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock valued at $1,131,000 after purchasing an additional 998 shares during the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.4%

Shares of NYSEARCA:PFFA opened at $20.57 on Wednesday. The firm has a fifty day moving average price of $21.33 and a 200 day moving average price of $21.42. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $20.23 and a 1-year high of $22.50.

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.