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

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 6,342 shares, a drop of 72.4% from the July 30th total of 23,006 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 29,688 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On InfraCap REIT Preferred ETF

An institutional investor recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC raised its holdings in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,840 shares of the company’s stock after acquiring an additional 2,033 shares during the period. Janney Montgomery Scott LLC owned approximately 0.76% of InfraCap REIT Preferred ETF worth $808,000 at the end of the most recent quarter.

InfraCap REIT Preferred ETF Price Performance

Shares of InfraCap REIT Preferred ETF stock traded down $0.14 during trading hours on Friday, reaching $17.47. 31,299 shares of the company’s stock were exchanged, compared to its average volume of 38,838. InfraCap REIT Preferred ETF has a 1 year low of $17.05 and a 1 year high of $19.27. The business has a fifty day moving average of $17.61 and a two-hundred day moving average of $17.69.

About InfraCap REIT Preferred ETF

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.