Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Update

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 833,699 shares, a drop of 38.2% from the June 15th total of 1,349,306 shares. Based on an average daily volume of 625,494 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.7% of the shares of the stock are sold short.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD opened at $18.57 on Friday. The business’s 50 day moving average is $18.79 and its 200 day moving average is $18.96. Global X U.S. Preferred ETF has a 12-month low of $18.22 and a 12-month high of $19.89.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. WealthPlan Investment Management LLC bought a new stake in Global X U.S. Preferred ETF in the 4th quarter valued at $2,285,000. Naples Global Advisors LLC grew its position in shares of Global X U.S. Preferred ETF by 5.5% during the fourth quarter. Naples Global Advisors LLC now owns 535,866 shares of the company’s stock valued at $10,185,000 after purchasing an additional 28,144 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Global X U.S. Preferred ETF by 200.8% during the third quarter. JPMorgan Chase & Co. now owns 107,691 shares of the company’s stock valued at $2,092,000 after purchasing an additional 71,884 shares in the last quarter. Carnegie Investment Counsel purchased a new position in shares of Global X U.S. Preferred ETF during the fourth quarter valued at about $7,464,000. Finally, Collective Family Office LLC increased its holdings in shares of Global X U.S. Preferred ETF by 21.4% in the fourth quarter. Collective Family Office LLC now owns 607,376 shares of the company’s stock worth $11,485,000 after purchasing an additional 106,896 shares during the last quarter.

About Global X U.S. Preferred ETF

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.