Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Grows By 77.2%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 512,651 shares, a growth of 77.2% from the May 14th total of 289,353 shares. Based on an average daily trading volume, of 926,967 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds have recently made changes to their positions in PFFA. Field & Main Bank purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter valued at $31,000. Flagship Harbor Advisors LLC purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF during the 4th quarter valued at $40,000. EverSource Wealth Advisors LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after purchasing an additional 1,000 shares in the last quarter. Anfield Capital Management LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 44.4% during the 4th quarter. Anfield Capital Management LLC now owns 8,013 shares of the company’s stock valued at $173,000 after purchasing an additional 2,464 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the 1st quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock valued at $287,000 after purchasing an additional 972 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 1.1%

Shares of NYSEARCA PFFA traded up $0.24 during mid-day trading on Monday, reaching $21.35. 893,509 shares of the company’s stock were exchanged, compared to its average volume of 1,001,038. Virtus InfraCap U.S. Preferred Stock ETF has a 52 week low of $20.23 and a 52 week high of $22.50. The firm has a 50-day moving average price of $21.38 and a two-hundred day moving average price of $21.47.

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.