Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Growth in Short Interest

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 381,820 shares, a growth of 31.9% from the January 29th total of 289,439 shares. Based on an average daily volume of 978,873 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 978,873 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

A number of institutional investors and hedge funds have recently modified their holdings of PFFA. AdvisorNet Financial Inc boosted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% in the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock valued at $6,373,000 after purchasing an additional 80,180 shares during the period. JPMorgan Chase & Co. raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock worth $1,151,000 after buying an additional 52,876 shares during the period. Sunbelt Securities Inc. purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the fourth quarter valued at about $442,000. Future Financial Wealth Managment LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 11.4% in the third quarter. Future Financial Wealth Managment LLC now owns 170,126 shares of the company’s stock worth $3,693,000 after buying an additional 17,435 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 514.1% in the fourth quarter. Farther Finance Advisors LLC now owns 18,805 shares of the company’s stock worth $405,000 after buying an additional 15,743 shares during the period.

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

NYSEARCA:PFFA traded down $0.01 during trading hours on Monday, reaching $21.43. 898,800 shares of the company’s stock were exchanged, compared to its average volume of 975,198. Virtus InfraCap U.S. Preferred Stock ETF has a 12 month low of $19.20 and a 12 month high of $22.50. The business’s 50-day simple moving average is $21.76 and its two-hundred day simple moving average is $21.73.

Virtus InfraCap U.S. Preferred Stock ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.1725 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 9.7%.

About Virtus InfraCap U.S. Preferred Stock ETF

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.