Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Drops By 72.4%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,342 shares, a decrease of 72.4% from the July 30th total of 23,006 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 29,688 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of InfraCap REIT Preferred ETF

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC raised its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the first quarter, according to its most recent 13F filing 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 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Trading Up 0.5%

NYSEARCA:PFFR traded up $0.08 on Thursday, hitting $17.61. 26,463 shares of the company’s stock traded hands, compared to its average volume of 38,884. InfraCap REIT Preferred ETF has a 1 year low of $17.05 and a 1 year high of $19.27. The firm has a 50-day moving average price of $17.62 and a 200-day moving average price of $17.69.

About InfraCap REIT Preferred ETF

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.