Global X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 236,142 shares, a decline of 66.5% from the August 15th total of 705,179 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 669,123 shares, the days-to-cover ratio is presently 0.4 days.
Global X U.S. Preferred ETF Stock Up 0.6%
Global X U.S. Preferred ETF stock traded up $0.11 during trading hours on Friday, reaching $18.12. 1,068,387 shares of the stock were exchanged, compared to its average volume of 662,211. Global X U.S. Preferred ETF has a 52-week low of $18.01 and a 52-week high of $19.89. The firm’s 50 day moving average is $18.47 and its 200 day moving average is $18.70.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new position in Global X U.S. Preferred ETF during the 3rd quarter worth approximately $30,455,000. Bessemer Group Inc. purchased a new position in shares of Global X U.S. Preferred ETF during the 1st quarter worth approximately $18,434,000. Ocean Park Asset Management LLC acquired a new stake in shares of Global X U.S. Preferred ETF in the 2nd quarter valued at approximately $11,312,000. BNP Paribas Financial Markets lifted its holdings in shares of Global X U.S. Preferred ETF by 422.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 735,060 shares of the company’s stock valued at $14,282,000 after buying an additional 594,391 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of Global X U.S. Preferred ETF by 81.4% in the fourth quarter. Cetera Investment Advisers now owns 1,071,447 shares of the company’s stock valued at $20,261,000 after buying an additional 480,895 shares in the last quarter.
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.
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