InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Short Interest Up 173.1% in August

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 17,319 shares, a growth of 173.1% from the August 15th total of 6,342 shares. Based on an average daily trading volume, of 26,579 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC boosted its stake in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the period. Janney Montgomery Scott LLC owned approximately 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 at the end of the most recent reporting period.

InfraCap REIT Preferred ETF Price Performance

PFFR remained flat at $17.22 during trading on Monday. 30,853 shares of the company’s stock traded hands, compared to its average volume of 38,337. InfraCap REIT Preferred ETF has a 12 month low of $17.05 and a 12 month high of $19.27. The stock’s 50-day moving average is $17.58 and its 200 day moving average is $17.62.

About InfraCap REIT Preferred ETF

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.