Short Interest in Global X U.S. Preferred ETF (NYSEARCA:PFFD) Declines By 20.1%

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 631,546 shares, a drop of 20.1% from the January 29th total of 790,110 shares. Based on an average daily trading volume, of 616,671 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 616,671 shares, the short-interest ratio is presently 1.0 days.

Global X U.S. Preferred ETF Price Performance

Shares of NYSEARCA:PFFD traded up $0.08 during trading on Wednesday, hitting $19.12. 425,384 shares of the stock were exchanged, compared to its average volume of 600,235. The company has a fifty day moving average price of $19.32 and a two-hundred day moving average price of $19.29. Global X U.S. Preferred ETF has a 12-month low of $17.81 and a 12-month high of $19.89.

Global X U.S. Preferred ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be given a $0.10 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFFD. Bank of Montreal Can grew its position in shares of Global X U.S. Preferred ETF by 72.9% in the fourth quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock valued at $37,000 after purchasing an additional 817 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Global X U.S. Preferred ETF during the fourth quarter valued at $40,000. International Assets Investment Management LLC purchased a new position in Global X U.S. Preferred ETF in the 4th quarter valued at about $50,000. AG Campbell Advisory LLC acquired a new stake in shares of Global X U.S. Preferred ETF during the 4th quarter worth about $50,000. Finally, Abound Financial LLC acquired a new stake in Global X U.S. Preferred ETF during the fourth quarter worth approximately $51,000.

Global X U.S. Preferred ETF Company Profile

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.