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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 412,624 shares, a growth of 315.6% from the August 15th total of 99,295 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 719,420 shares, the days-to-cover ratio is presently 0.6 days.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

PFFA stock opened at $20.62 on Friday. The company has a fifty day moving average of $20.85 and a 200-day moving average of $21.08. Virtus InfraCap U.S. Preferred Stock ETF has a one year low of $20.23 and a one year high of $22.50.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 2.4% during the 3rd quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after buying an additional 518 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of 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 valued at $580,000 after buying an additional 695 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the first quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after acquiring an additional 972 shares during the period. Janney Montgomery Scott LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after acquiring an additional 998 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in 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 worth $62,000 after acquiring an additional 1,000 shares in the last quarter.

About Virtus InfraCap U.S. Preferred Stock ETF

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.