Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Down 66.5% in August

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 236,142 shares, a decline of 66.5% from the August 15th total of 705,179 shares. Based on an average trading volume of 669,123 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Global X U.S. Preferred ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. WealthPlan Investment Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $2,285,000. FF Advisors LLC raised its holdings in Global X U.S. Preferred ETF by 31.6% in the 4th quarter. FF Advisors LLC now owns 120,569 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,956 shares during the last quarter. WealthTrust Axiom LLC raised its holdings in Global X U.S. Preferred ETF by 23.0% in the 4th quarter. WealthTrust Axiom LLC now owns 327,067 shares of the company’s stock worth $6,185,000 after acquiring an additional 61,236 shares during the last quarter. Texas Yale Capital Corp. lifted its position in Global X U.S. Preferred ETF by 11.1% in the 4th quarter. Texas Yale Capital Corp. now owns 340,590 shares of the company’s stock valued at $6,441,000 after acquiring an additional 34,041 shares in the last quarter. Finally, Flaharty Asset Management LLC lifted its position in Global X U.S. Preferred ETF by 4.0% in the 4th quarter. Flaharty Asset Management LLC now owns 1,122,939 shares of the company’s stock valued at $21,235,000 after acquiring an additional 43,052 shares in the last quarter.

Global X U.S. Preferred ETF Trading Up 0.6%

Shares of NYSEARCA PFFD traded up $0.11 during trading on Friday, reaching $18.12. The company had a trading volume of 1,068,387 shares, compared to its average volume of 662,211. Global X U.S. Preferred ETF has a 12-month low of $18.01 and a 12-month high of $19.89. The business’s 50-day moving average is $18.47 and its 200 day moving average is $18.70.

Global X U.S. Preferred ETF Company Profile

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.