Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Sees Large Decrease in Short Interest

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 22,307 shares, a drop of 84.2% from the September 30th total of 141,251 shares. Based on an average trading volume of 141,837 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Global X Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Columbus Macro LLC acquired a new position in shares of Global X Variable Rate Preferred ETF in the 3rd quarter valued at $20,953,000. Foguth Wealth Management LLC. boosted its holdings in shares of Global X Variable Rate Preferred ETF by 220.6% in the third quarter. Foguth Wealth Management LLC. now owns 670,995 shares of the company’s stock valued at $14,400,000 after buying an additional 461,722 shares during the period. Janney Montgomery Scott LLC increased its holdings in Global X Variable Rate Preferred ETF by 84.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 681,034 shares of the company’s stock worth $14,866,000 after purchasing an additional 311,788 shares in the last quarter. International Assets Investment Management LLC increased its stake in Global X Variable Rate Preferred ETF by 1,701.8% in the 3rd quarter. International Assets Investment Management LLC now owns 230,000 shares of the company’s stock valued at $5,012,000 after buying an additional 217,235 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Global X Variable Rate Preferred ETF by 64.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 128,997 shares of the company’s stock valued at $2,866,000 after acquiring an additional 50,579 shares during the last quarter.

Global X Variable Rate Preferred ETF Trading Down 0.6%

Global X Variable Rate Preferred ETF stock traded down $0.13 on Thursday, hitting $21.23. The company’s stock had a trading volume of 286,999 shares, compared to its average volume of 85,161. The company has a fifty day moving average price of $21.73 and a 200-day moving average price of $22.11. Global X Variable Rate Preferred ETF has a one year low of $21.20 and a one year high of $23.11.

About Global X Variable Rate Preferred ETF

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.