Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Decreases By 27.6%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 343,713 shares, a decrease of 27.6% from the March 15th total of 474,989 shares. Based on an average daily volume of 1,063,357 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

PFFA stock traded up $0.11 during trading on Friday, hitting $21.76. The company had a trading volume of 1,016,437 shares, compared to its average volume of 1,046,499. The business has a 50 day moving average of $21.24 and a 200 day moving average of $21.50. Virtus InfraCap U.S. Preferred Stock ETF has a fifty-two week low of $19.71 and a fifty-two week high of $22.50.

Virtus InfraCap U.S. Preferred Stock ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

Several institutional investors and hedge funds have recently bought and sold shares of PFFA. EverSource Wealth Advisors LLC raised its position in 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 valued at $62,000 after buying an additional 1,000 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34.6% during the third quarter. AdvisorNet Financial Inc now owns 215,553 shares of the company’s stock worth $4,680,000 after purchasing an additional 55,398 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% during the third quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock worth $66,000 after purchasing an additional 3,060 shares during the period. Future Financial Wealth Managment LLC grew its position in Virtus InfraCap U.S. Preferred Stock ETF by 11.4% during the third quarter. Future Financial Wealth Managment LLC now owns 170,126 shares of the company’s stock valued at $3,693,000 after purchasing an additional 17,435 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Virtus InfraCap U.S. Preferred Stock ETF by 19.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 13,376 shares of the company’s stock valued at $290,000 after buying an additional 2,159 shares during the period.

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.