Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Down 25.5% in December

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 732,478 shares, a decline of 25.5% from the November 30th total of 982,713 shares. Based on an average daily volume of 714,410 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 714,410 shares, the short-interest ratio is currently 1.0 days.

Global X U.S. Preferred ETF Price Performance

PFFD traded down $0.11 during mid-day trading on Tuesday, reaching $18.95. 633,913 shares of the company traded hands, compared to its average volume of 728,702. The company’s fifty day moving average price is $19.03 and its 200-day moving average price is $19.18. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Anderson Financial Strategies LLC bought a new stake in shares of Global X U.S. Preferred ETF during the 1st quarter valued at about $46,000. Blair William & Co. IL grew its position in Global X U.S. Preferred ETF by 3,442.9% during the second quarter. Blair William & Co. IL now owns 2,728 shares of the company’s stock valued at $51,000 after buying an additional 2,651 shares during the period. Fortitude Family Office LLC purchased a new stake in Global X U.S. Preferred ETF during the second quarter valued at approximately $67,000. Smartleaf Asset Management LLC purchased a new stake in Global X U.S. Preferred ETF during the second quarter valued at approximately $102,000. Finally, Geneos Wealth Management Inc. raised its position in Global X U.S. Preferred ETF by 117.0% in the second quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock worth $104,000 after acquiring an additional 2,974 shares during the period.

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.