Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Short Interest Down 50.7% in August

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 77,768 shares, a drop of 50.7% from the August 15th total of 157,899 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 91,757 shares, the days-to-cover ratio is currently 0.8 days.

Global X Variable Rate Preferred ETF Stock Down 0.0%

PFFV traded down $0.01 on Tuesday, reaching $21.82. The stock had a trading volume of 197,946 shares, compared to its average volume of 69,314. The business’s 50-day moving average price is $22.00 and its two-hundred day moving average price is $22.12. Global X Variable Rate Preferred ETF has a 12-month low of $21.70 and a 12-month high of $23.38.

Hedge Funds Weigh In On Global X Variable Rate Preferred ETF

A number of large investors have recently bought and sold shares of PFFV. Corient Private Wealth LP acquired a new position in shares of Global X Variable Rate Preferred ETF during the 2nd quarter worth approximately $222,000. Bedel Financial Consulting Inc. grew its stake in Global X Variable Rate Preferred ETF by 2.1% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 169,993 shares of the company’s stock valued at $3,745,000 after acquiring an additional 3,466 shares during the period. Integral Investment Advisors Inc. grew its stake in Global X Variable Rate Preferred ETF by 7.2% in the 2nd quarter. Integral Investment Advisors Inc. now owns 116,315 shares of the company’s stock valued at $2,562,000 after acquiring an additional 7,783 shares during the period. LFG Wealth Partners LLC increased its holdings in Global X Variable Rate Preferred ETF by 9.4% in the 1st quarter. LFG Wealth Partners LLC now owns 101,461 shares of the company’s stock worth $2,215,000 after acquiring an additional 8,738 shares in the last quarter. Finally, Foguth Wealth Management LLC. purchased a new stake in Global X Variable Rate Preferred ETF in the 1st quarter worth $4,621,000.

About Global X Variable Rate Preferred ETF

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.