Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Significant Drop in Short Interest

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 500,532 shares, a decrease of 17.9% from the February 26th total of 609,860 shares. Based on an average daily volume of 611,498 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are sold short.

Global X U.S. Preferred ETF Price Performance

Shares of PFFD stock traded up $0.07 on Monday, hitting $18.38. The stock had a trading volume of 246,811 shares, compared to its average volume of 610,596. Global X U.S. Preferred ETF has a twelve month low of $17.81 and a twelve month high of $19.89. The company has a fifty day moving average price of $19.12 and a two-hundred day moving average price of $19.19.

Global X U.S. Preferred ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Global X U.S. Preferred ETF

A number of institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in Global X U.S. Preferred ETF by 37.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 61,069 shares of the company’s stock valued at $1,155,000 after buying an additional 16,740 shares in the last quarter. World Investment Advisors purchased a new position in Global X U.S. Preferred ETF in the fourth quarter worth $470,000. AG Campbell Advisory LLC purchased a new position in Global X U.S. Preferred ETF in the fourth quarter worth $50,000. SHP Wealth Management bought a new position in Global X U.S. Preferred ETF in the fourth quarter valued at $94,000. Finally, WMS Group LLC bought a new stake in Global X U.S. Preferred ETF during the fourth quarter worth about $189,000.

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.