Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Update

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 833,699 shares, a drop of 38.2% from the June 15th total of 1,349,306 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 625,494 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Several institutional investors have recently modified their holdings of the business. Captrust Financial Advisors grew its holdings in shares of Global X U.S. Preferred ETF by 4.2% during the 4th quarter. Captrust Financial Advisors now owns 14,417 shares of the company’s stock valued at $273,000 after purchasing an additional 582 shares during the last quarter. Perissos Private Wealth Management LLC lifted its stake in Global X U.S. Preferred ETF by 1.0% in the 3rd quarter. Perissos Private Wealth Management LLC now owns 72,944 shares of the company’s stock valued at $1,417,000 after purchasing an additional 752 shares during the last quarter. Alteri Wealth LLC lifted its stake in Global X U.S. Preferred ETF by 1.5% in the 4th quarter. Alteri Wealth LLC now owns 53,454 shares of the company’s stock valued at $1,011,000 after purchasing an additional 774 shares during the last quarter. Bank of Montreal Can boosted its position in Global X U.S. Preferred ETF by 72.9% in the fourth quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock valued at $37,000 after buying an additional 817 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its position in Global X U.S. Preferred ETF by 2.4% in the first quarter. American Institute for Advanced Investment Management LLP now owns 37,448 shares of the company’s stock valued at $689,000 after buying an additional 865 shares in the last quarter.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA:PFFD opened at $18.59 on Friday. Global X U.S. Preferred ETF has a 1-year low of $18.22 and a 1-year high of $19.89. The business has a 50-day moving average price of $18.78 and a two-hundred day moving average price of $18.96.

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.