Global X U.S. Preferred ETF (NYSEARCA:PFFD) Shares Shorted: Short Interest Up 195.9% in September

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 698,752 shares, a growth of 195.9% from the August 31st total of 236,142 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 962,998 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position in shares of Global X U.S. Preferred ETF by 14.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 46,730 shares of the company’s stock worth $873,000 after purchasing an additional 5,917 shares during the period. Envestnet Asset Management Inc. increased its holdings in Global X U.S. Preferred ETF by 12.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,522,498 shares of the company’s stock worth $47,145,000 after buying an additional 272,858 shares during the last quarter. Plimoth Trust Co. LLC grew its holdings in Global X U.S. Preferred ETF by 1.1% during the second quarter. Plimoth Trust Co. LLC now owns 70,279 shares of the company’s stock worth $1,314,000 after purchasing an additional 741 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Global X U.S. Preferred ETF during the 2nd quarter worth approximately $62,000. Finally, Waverly Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 22.4% during the 2nd quarter. Waverly Advisors LLC now owns 138,526 shares of the company’s stock worth $2,589,000 after buying an additional 25,390 shares during the last quarter.

Global X U.S. Preferred ETF Stock Down 0.1%

Shares of PFFD stock traded down $0.02 during trading on Friday, reaching $17.82. The company had a trading volume of 1,924,772 shares, compared to its average volume of 681,575. The firm’s 50 day simple moving average is $18.34 and its two-hundred day simple moving average is $18.61. Global X U.S. Preferred ETF has a one year low of $17.76 and a one year high of $19.65.

About Global X U.S. Preferred ETF

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.