Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 833,699 shares, a decline of 38.2% from the June 15th total of 1,349,306 shares. Based on an average daily volume of 625,494 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the company’s stock are sold short.
Global X U.S. Preferred ETF Price Performance
NYSEARCA PFFD opened at $18.59 on Friday. The business has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $18.96. Global X U.S. Preferred ETF has a 52-week low of $18.22 and a 52-week high of $19.89.
Institutional Investors Weigh In On Global X U.S. Preferred ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in Global X U.S. Preferred ETF by 72.9% in the 4th quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock worth $37,000 after purchasing an additional 817 shares during the period. Birchwood Financial Partners Inc. bought a new position in shares of Global X U.S. Preferred ETF during the fourth quarter worth about $40,000. Root Financial Partners LLC acquired a new stake in Global X U.S. Preferred ETF in the 1st quarter valued at approximately $44,000. International Assets Investment Management LLC bought a new stake in Global X U.S. Preferred ETF in the 4th quarter valued at approximately $50,000. Finally, AG Campbell Advisory LLC acquired a new position in Global X U.S. Preferred ETF during the 4th quarter worth approximately $50,000.
About Global X U.S. Preferred ETF
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.
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