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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 99,295 shares, a drop of 33.2% from the July 30th total of 148,581 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 591,533 shares, the days-to-cover ratio is presently 0.2 days.

Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.1%

PFFA traded up $0.01 on Wednesday, reaching $20.89. The company had a trading volume of 114,669 shares, compared to its average volume of 948,246. Virtus InfraCap U.S. Preferred Stock ETF has a fifty-two week low of $20.23 and a fifty-two week high of $22.50. The company’s fifty day moving average is $20.83 and its 200 day moving average is $21.13.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of institutional investors have recently made changes to their positions in the company. Tsfg LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth approximately $29,000. Allied Private Wealth LLC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth $42,000. Sunbelt Securities Inc. increased its position in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the 1st quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after buying an additional 36,328 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after buying an additional 7,805 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of 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 buying an additional 998 shares in the last quarter.

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.