Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Rises By 109.5%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 701,572 shares, a growth of 109.5% from the June 30th total of 334,910 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 847,678 shares, the days-to-cover ratio is presently 0.8 days.

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

Several hedge funds have recently made changes to their positions in the stock. Triumph Capital Management raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 2.4% during the 3rd quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock valued at $476,000 after purchasing an additional 518 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock worth $580,000 after purchasing an additional 695 shares during the period. Venturi Wealth Management LLC grew its holdings in 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 buying an additional 972 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock valued at $1,131,000 after buying an additional 998 shares in the last quarter. Finally, 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 valued at $62,000 after buying an additional 1,000 shares during the period.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.1%

PFFA traded down $0.02 on Tuesday, hitting $20.50. The company’s stock had a trading volume of 731,141 shares, compared to its average volume of 1,004,097. The company’s 50 day simple moving average is $21.03 and its 200-day simple moving average is $21.30. Virtus InfraCap U.S. Preferred Stock ETF has a 12 month low of $20.23 and a 12 month high of $22.50.

About Virtus InfraCap U.S. Preferred Stock ETF

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.