Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Increase in Short Interest

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 500,053 shares, a growth of 60.1% from the December 31st total of 312,277 shares. Based on an average daily trading volume, of 804,214 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 804,214 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Field & Main Bank acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter worth approximately $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter worth $40,000. EverSource Wealth Advisors LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock worth $62,000 after acquiring an additional 1,000 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% in the third quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock valued at $66,000 after acquiring an additional 3,060 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at $234,000.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

PFFA traded down $0.04 during mid-day trading on Monday, hitting $21.76. 223,243 shares of the stock were exchanged, compared to its average volume of 845,189. The firm’s fifty day moving average is $21.70 and its two-hundred day moving average is $21.68. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $19.20 and a 1-year high of $22.50.

Virtus InfraCap U.S. Preferred Stock ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.1725 per share. This is a boost from Virtus InfraCap U.S. Preferred Stock ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Tuesday, January 20th.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.