Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Decline in Short Interest

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 148,581 shares, a decline of 78.8% from the July 15th total of 701,572 shares. Based on an average daily trading volume, of 810,259 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after purchasing an additional 1,000 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 valued at $1,151,000 after purchasing an additional 52,876 shares during the period. Integrated Wealth Concepts LLC grew its stake in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% in the third quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock worth $580,000 after purchasing an additional 695 shares in the last quarter. Triumph Capital Management grew its stake in Virtus InfraCap U.S. Preferred Stock ETF by 2.4% in the third quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after purchasing an additional 518 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% in the third quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock worth $388,000 after purchasing an additional 9,584 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.5%

PFFA stock traded up $0.11 during midday trading on Thursday, reaching $21.19. 643,348 shares of the company traded hands, compared to its average volume of 975,186. The business has a 50 day moving average of $20.88 and a 200-day moving average of $21.21. 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.