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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant growth in short interest during the month of 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. Based on an average trading volume of 847,678 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

A number of institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 3.1% in the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock valued at $6,207,000 after buying an additional 9,144 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after acquiring an additional 36,328 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after acquiring an additional 998 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% in the third quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after acquiring an additional 52,876 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after acquiring an additional 7,805 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

PFFA stock traded down $0.12 during trading on Wednesday, reaching $20.38. 705,623 shares of the stock traded hands, compared to its average volume of 1,002,014. The business’s 50 day moving average price is $20.99 and its 200-day moving average price is $21.29. Virtus InfraCap U.S. Preferred Stock ETF has a 52-week low of $20.23 and a 52-week high of $22.50.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.