Global X U.S. Preferred ETF (NYSEARCA:PFFD) Stock Short Interest Report for October

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,539,353 shares, an increase of 339.0% from the October 15th total of 1,033,963 shares. Based on an average trading volume of 2,244,767 shares, the short-interest ratio is currently 2.0 days. Approximately 4.1% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of the stock. Markowski Investments purchased a new stake in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $30,000. Advisors Asset Management Inc. bought a new stake in shares of Global X U.S. Preferred ETF during the 3rd quarter valued at about $33,000. Compass Financial Management LLC bought a new stake in Global X U.S. Preferred ETF during the second quarter valued at approximately $36,000. Continuum Advisory LLC purchased a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter worth $36,000. Finally, Simplex Trading LLC purchased a new stake in Global X U.S. Preferred ETF in the third quarter worth about $46,000.

Global X U.S. Preferred ETF Price Performance

NYSEARCA:PFFD opened at $16.59 on Friday. Global X U.S. Preferred ETF has a one year low of $16.57 and a one year high of $19.65. The company’s 50-day simple moving average is $17.46 and its 200 day simple moving average is $18.46.

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.