InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Shares Shorted: Short Interest Up 447.9% in September

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 26,119 shares, an increase of 447.9% from the September 15th total of 4,767 shares. Based on an average daily volume of 43,290 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

InfraCap REIT Preferred ETF Stock Performance

InfraCap REIT Preferred ETF stock traded down $0.02 during trading on Friday, reaching $16.61. 53,501 shares of the company were exchanged, compared to its average volume of 38,658. The stock’s 50 day simple moving average is $17.27 and its two-hundred day simple moving average is $17.50. InfraCap REIT Preferred ETF has a 52-week low of $16.48 and a 52-week high of $19.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,350 shares of the company’s stock after acquiring an additional 45,510 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

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.