Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Short Interest Update

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 79,825 shares, a decline of 43.0% from the April 15th total of 140,003 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 50,283 shares, the short-interest ratio is currently 1.6 days.

Global X Variable Rate Preferred ETF Price Performance

NYSEARCA:PFFV opened at $22.30 on Tuesday. The firm has a 50 day simple moving average of $22.16 and a 200-day simple moving average of $22.42. Global X Variable Rate Preferred ETF has a 1-year low of $21.70 and a 1-year high of $23.38.

Hedge Funds Weigh In On Global X Variable Rate Preferred ETF

A number of institutional investors have recently modified their holdings of PFFV. JPMorgan Chase & Co. acquired a new position in shares of Global X Variable Rate Preferred ETF in the second quarter valued at approximately $406,000. Diversify Wealth Management LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the second quarter valued at approximately $367,000. Raymond James Financial Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 1.5% in the second quarter. Raymond James Financial Inc. now owns 60,553 shares of the company’s stock valued at $1,381,000 after buying an additional 880 shares during the last quarter. Bank of America Corp DE raised its position in shares of Global X Variable Rate Preferred ETF by 7.0% in the second quarter. Bank of America Corp DE now owns 257,112 shares of the company’s stock valued at $5,862,000 after buying an additional 16,712 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Global X Variable Rate Preferred ETF by 3.7% in the second quarter. Osaic Holdings Inc. now owns 13,959 shares of the company’s stock valued at $318,000 after buying an additional 500 shares during the last quarter.

Global X Variable Rate Preferred ETF Company Profile

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.