InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Stock Short Interest Declines 72.5%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,767 shares, a decline of 72.5% from the August 31st total of 17,319 shares. Based on an average daily volume of 27,019 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC raised its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,350 shares of the company’s stock after acquiring 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 quarter.

InfraCap REIT Preferred ETF Price Performance

Shares of NYSEARCA:PFFR traded down $0.13 on Monday, hitting $16.67. The company had a trading volume of 76,111 shares, compared to its average volume of 38,230. The stock has a 50 day moving average price of $17.45 and a 200 day moving average price of $17.57. InfraCap REIT Preferred ETF has a 1-year low of $16.63 and a 1-year high of $19.00.

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.