InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Sees Significant Increase in Short Interest

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 80,479 shares, an increase of 21.5% from the February 12th total of 66,234 shares. Based on an average daily volume of 65,312 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.4% of the company’s shares are sold short. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 65,312 shares, the days-to-cover ratio is presently 1.2 days.

InfraCap REIT Preferred ETF Stock Up 1.2%

Shares of NYSEARCA PFFR traded up $0.21 during midday trading on Tuesday, reaching $17.85. The stock had a trading volume of 29,002 shares, compared to its average volume of 45,357. The company’s 50 day moving average price is $18.09 and its 200 day moving average price is $18.32. InfraCap REIT Preferred ETF has a twelve month low of $16.99 and a twelve month high of $19.27.

InfraCap REIT Preferred ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.123 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Trading of InfraCap REIT Preferred ETF

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC grew its holdings in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 206.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,789 shares of the company’s stock after acquiring an additional 32,860 shares during the period. Kingswood Wealth Advisors LLC owned 0.83% of InfraCap REIT Preferred ETF worth $912,000 as of its most recent SEC filing.

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.