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

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 732,478 shares, a drop of 25.5% from the November 30th total of 982,713 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 714,410 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 714,410 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s shares are sold short.

Global X U.S. Preferred ETF Stock Down 0.2%

Shares of Global X U.S. Preferred ETF stock opened at $18.91 on Thursday. Global X U.S. Preferred ETF has a 52 week low of $17.81 and a 52 week high of $20.15. The business’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $19.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PFFD. JPMorgan Chase & Co. raised its stake in shares of Global X U.S. Preferred ETF by 200.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,691 shares of the company’s stock valued at $2,092,000 after acquiring an additional 71,884 shares during the period. Allworth Financial LP boosted its position in shares of Global X U.S. Preferred ETF by 1,060.5% during the 3rd quarter. Allworth Financial LP now owns 16,781 shares of the company’s stock worth $326,000 after purchasing an additional 15,335 shares during the period. Centaurus Financial Inc. increased its holdings in Global X U.S. Preferred ETF by 8.5% in the 3rd quarter. Centaurus Financial Inc. now owns 30,510 shares of the company’s stock valued at $593,000 after purchasing an additional 2,392 shares during the last quarter. NewEdge Advisors LLC raised its position in Global X U.S. Preferred ETF by 65.1% in the third quarter. NewEdge Advisors LLC now owns 149,017 shares of the company’s stock valued at $2,895,000 after purchasing an additional 58,779 shares during the period. Finally, Triumph Capital Management lifted its stake in Global X U.S. Preferred ETF by 7.5% during the third quarter. Triumph Capital Management now owns 46,902 shares of the company’s stock worth $911,000 after purchasing an additional 3,266 shares in the last quarter.

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.