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

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

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of PFFA remained flat at $20.62 during midday trading on Friday. The company’s stock had a trading volume of 802,656 shares, compared to its average volume of 948,660. Virtus InfraCap U.S. Preferred Stock ETF has a 12 month low of $20.23 and a 12 month high of $22.50. The company’s fifty day moving average is $20.85 and its 200-day moving average is $21.08.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PFFA. JPMorgan Chase & Co. lifted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the third quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after purchasing an additional 52,876 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock valued at $1,157,000 after purchasing an additional 36,328 shares in the last quarter. NewEdge Advisors LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% during the 3rd quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock worth $388,000 after buying an additional 9,584 shares during the period. AdvisorNet Financial Inc increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the 1st 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 period. Finally, Bank of New York Mellon Corp lifted its holdings in 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 buying an additional 7,805 shares in the last quarter.

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.