InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Sees Significant Drop in Short Interest

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 599 shares, a drop of 97.7% from the September 30th total of 26,119 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 43,223 shares, the short-interest ratio is currently 0.0 days.

InfraCap REIT Preferred ETF Price Performance

Shares of NYSEARCA PFFR traded down $0.09 during mid-day trading on Wednesday, reaching $16.25. The company’s stock had a trading volume of 28,020 shares, compared to its average volume of 38,004. The stock has a 50-day moving average of $16.99 and a two-hundred day moving average of $17.57. InfraCap REIT Preferred ETF has a 1-year low of $16.18 and a 1-year high of $19.00.

Institutional Trading of InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC grew its stake in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the period. Janney Montgomery Scott LLC owned approximately 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.