Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Increases By 220.8%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 42,056 shares, an increase of 220.8% from the December 31st total of 13,111 shares. Based on an average daily volume of 36,190 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 36,190 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently bought a new position in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC purchased a new stake in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,929 shares of the company’s stock, valued at approximately $285,000. Kingswood Wealth Advisors LLC owned about 0.30% of InfraCap REIT Preferred ETF as of its most recent SEC filing.

InfraCap REIT Preferred ETF Price Performance

Shares of InfraCap REIT Preferred ETF stock traded down $0.03 during trading on Friday, hitting $18.20. 40,766 shares of the stock traded hands, compared to its average volume of 41,343. InfraCap REIT Preferred ETF has a 52 week low of $16.99 and a 52 week high of $19.27. The firm’s fifty day moving average is $18.15 and its 200-day moving average is $18.40.

InfraCap REIT Preferred ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Tuesday, January 20th were given a dividend of $0.123 per share. The ex-dividend date was Tuesday, January 20th. This is an increase from InfraCap REIT Preferred ETF’s previous monthly dividend of $0.12. This represents a c) dividend on an annualized basis and a yield of 8.1%.

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.