Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Declines By 78.8%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 148,581 shares, a decline of 78.8% from the July 15th total of 701,572 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 810,259 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of hedge funds have recently modified their holdings of the business. Triumph Capital Management grew its stake in shares of Virtus InfraCap U.S. Preferred Stock ETF by 2.4% in the third quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after purchasing an additional 518 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock worth $580,000 after purchasing an additional 695 shares during the last quarter. Venturi Wealth Management LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the 1st quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after purchasing an additional 972 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after purchasing an additional 998 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock worth $62,000 after buying an additional 1,000 shares during the period.

Virtus InfraCap U.S. Preferred Stock ETF Trading Down 0.0%

Shares of NYSEARCA PFFA opened at $21.18 on Friday. The company has a 50 day simple moving average of $20.88 and a 200 day simple moving average of $21.21. Virtus InfraCap U.S. Preferred Stock ETF has a 1 year low of $20.23 and a 1 year high of $22.50.

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.