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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 312,277 shares, a drop of 57.1% from the December 15th total of 728,080 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 800,005 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 800,005 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 38.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 160,155 shares of the company’s stock worth $3,336,000 after acquiring an additional 44,685 shares during the period. Future Financial Wealth Managment LLC lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 22.7% during the 2nd quarter. Future Financial Wealth Managment LLC now owns 152,691 shares of the company’s stock valued at $3,181,000 after purchasing an additional 28,267 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF during the second quarter worth $234,000. Darden Wealth Group Inc increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 4.1% in the second quarter. Darden Wealth Group Inc now owns 22,907 shares of the company’s stock valued at $477,000 after purchasing an additional 905 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in 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 last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.1%

Shares of Virtus InfraCap U.S. Preferred Stock ETF stock traded down $0.03 during trading on Friday, hitting $21.95. 770,696 shares of the stock were exchanged, compared to its average volume of 801,112. The company has a fifty day moving average price of $21.61 and a 200-day moving average price of $21.62. Virtus InfraCap U.S. Preferred Stock ETF has a 1-year low of $19.20 and a 1-year 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.