Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Stock Short Interest Rises 897.6%

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 222,531 shares, an increase of 897.6% from the October 15th total of 22,307 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 188,910 shares, the short-interest ratio is currently 1.2 days.

Global X Variable Rate Preferred ETF Stock Performance

Shares of PFFV stock traded down $0.24 on Thursday, reaching $20.75. 146,724 shares of the stock were exchanged, compared to its average volume of 94,616. Global X Variable Rate Preferred ETF has a twelve month low of $20.74 and a twelve month high of $22.74. The business’s 50 day moving average price is $21.54 and its 200 day moving average price is $22.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SouthState Bank Corp purchased a new stake in Global X Variable Rate Preferred ETF during the first quarter worth approximately $44,000. Essential Investment Partners LLC acquired a new position in Global X Variable Rate Preferred ETF in the third quarter valued at approximately $49,000. Global Retirement Partners LLC purchased a new position in Global X Variable Rate Preferred ETF in the third quarter valued at approximately $121,000. Colonial Trust Co SC increased its stake in Global X Variable Rate Preferred ETF by 22.9% in the third quarter. Colonial Trust Co SC now owns 6,544 shares of the company’s stock valued at $142,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in Global X Variable Rate Preferred ETF in the first quarter valued at approximately $214,000.

About Global X Variable Rate Preferred ETF

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.