Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 833,699 shares, a decrease of 38.2% from the June 15th total of 1,349,306 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 625,494 shares, the short-interest ratio is currently 1.3 days.
Global X U.S. Preferred ETF Trading Down 0.4%
NYSEARCA PFFD opened at $18.57 on Friday. The stock has a 50 day moving average price of $18.79 and a 200-day moving average price of $18.96. Global X U.S. Preferred ETF has a one year low of $18.22 and a one year high of $19.89.
Hedge Funds Weigh In On Global X U.S. Preferred ETF
Several institutional investors have recently bought and sold shares of the business. Ocean Park Asset Management LLC purchased a new position in shares of Global X U.S. Preferred ETF in the 2nd quarter worth $11,312,000. Wealthcare Advisory Partners LLC increased its holdings in shares of Global X U.S. Preferred ETF by 29.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 44,685 shares of the company’s stock worth $835,000 after buying an additional 10,228 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Global X U.S. Preferred ETF by 82.6% during the 2nd quarter. Avior Wealth Management LLC now owns 22,915 shares of the company’s stock valued at $428,000 after buying an additional 10,369 shares in the last quarter. Collective Family Office LLC raised its position in shares of Global X U.S. Preferred ETF by 11.5% during the 2nd quarter. Collective Family Office LLC now owns 777,208 shares of the company’s stock valued at $14,526,000 after buying an additional 79,920 shares in the last quarter. Finally, Blue Edge Capital LLC raised its position in shares of Global X U.S. Preferred ETF by 4.0% during the 1st quarter. Blue Edge Capital LLC now owns 201,465 shares of the company’s stock valued at $3,707,000 after buying an additional 7,718 shares in the last quarter.
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.
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