InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Short Interest Update

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,537 shares, an increase of 573.5% from the April 15th total of 6,167 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 38,252 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC grew its holdings in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,840 shares of the company’s stock after acquiring an additional 2,033 shares during the period. Janney Montgomery Scott LLC owned about 0.76% of InfraCap REIT Preferred ETF worth $808,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Trading Down 0.1%

Shares of PFFR traded down $0.02 during mid-day trading on Tuesday, reaching $17.94. 25,398 shares of the stock traded hands, compared to its average volume of 43,837. The stock has a fifty day simple moving average of $17.63 and a 200 day simple moving average of $18.00. InfraCap REIT Preferred ETF has a 12-month low of $17.05 and a 12-month high of $19.27.

InfraCap REIT Preferred ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.123 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Friday, February 20th.

InfraCap REIT Preferred ETF Company Profile

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.