Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Short Interest Update

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 157,899 shares, an increase of 331.4% from the July 30th total of 36,600 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 135,139 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Global X Variable Rate Preferred ETF

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in Global X Variable Rate Preferred ETF by 84.4% in the first quarter. Janney Montgomery Scott LLC now owns 681,034 shares of the company’s stock valued at $14,866,000 after acquiring an additional 311,788 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of Global X Variable Rate Preferred ETF during the 4th quarter worth $3,092,000. Rockefeller Capital Management L.P. increased its holdings in shares of Global X Variable Rate Preferred ETF by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 128,997 shares of the company’s stock valued at $2,866,000 after purchasing an additional 50,579 shares in the last quarter. Dearborn Partners LLC acquired a new stake in shares of Global X Variable Rate Preferred ETF in the fourth quarter valued at about $509,000. Finally, Foguth Wealth Management LLC. acquired a new stake in shares of Global X Variable Rate Preferred ETF in the first quarter valued at about $4,621,000.

Global X Variable Rate Preferred ETF Trading Down 0.2%

Shares of Global X Variable Rate Preferred ETF stock traded down $0.04 on Wednesday, reaching $22.05. 32,675 shares of the stock were exchanged, compared to its average volume of 65,635. Global X Variable Rate Preferred ETF has a 1-year low of $21.70 and a 1-year high of $23.38. The business has a fifty day moving average price of $22.04 and a two-hundred day moving average price of $22.18.

Global X Variable Rate Preferred ETF Company Profile

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.