Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Short Interest Down 42.1% in January

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 289,439 shares, a drop of 42.1% from the January 15th total of 500,053 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 951,532 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 951,532 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

Shares of NYSEARCA PFFA traded up $0.12 during midday trading on Friday, hitting $21.87. The company’s stock had a trading volume of 810,927 shares, compared to its average volume of 911,428. The stock has a fifty day moving average price of $21.75 and a 200 day moving average price of $21.71. Virtus InfraCap U.S. Preferred Stock ETF has a one year low of $19.20 and a one year high of $22.50.

Virtus InfraCap U.S. Preferred Stock ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.1725 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Virtus InfraCap U.S. Preferred Stock ETF’s previous monthly dividend of $0.17.

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

A number of large investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc raised its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% during the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock valued at $6,373,000 after purchasing an additional 80,180 shares during the period. JPMorgan Chase & Co. grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock valued at $1,151,000 after buying an additional 52,876 shares in the last quarter. Future Financial Wealth Managment LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 11.4% during the third quarter. Future Financial Wealth Managment LLC now owns 170,126 shares of the company’s stock valued at $3,693,000 after buying an additional 17,435 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 514.1% in the fourth quarter. Farther Finance Advisors LLC now owns 18,805 shares of the company’s stock worth $405,000 after buying an additional 15,743 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter valued at approximately $321,000.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.