Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Short Interest Up 77.2% in May

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 512,651 shares, a growth of 77.2% from the May 14th total of 289,353 shares. Based on an average daily volume of 926,967 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.1%

Shares of PFFA traded up $0.03 during midday trading on Tuesday, reaching $21.35. 1,286,127 shares of the stock were exchanged, compared to its average volume of 1,004,864. The business’s 50-day moving average price is $21.39 and its 200 day moving average price is $21.47. Virtus InfraCap U.S. Preferred Stock ETF has a twelve month low of $20.23 and a twelve month high of $22.50.

Institutional Trading of Virtus InfraCap U.S. Preferred Stock ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after purchasing an additional 36,328 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the first quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after buying an additional 7,805 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 1.8% during the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after buying an additional 998 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the first quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after buying an additional 972 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the first quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock worth $6,207,000 after buying an additional 9,144 shares during the last quarter.

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.