Global X Variable Rate Preferred ETF (NYSEARCA:PFFV – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 22,307 shares, a drop of 84.2% from the September 30th total of 141,251 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 141,837 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Global X Variable Rate Preferred ETF
Several hedge funds and other institutional investors have recently modified their holdings of PFFV. Leslie Global Wealth LLC grew its holdings in shares of Global X Variable Rate Preferred ETF by 7.6% during the 3rd quarter. Leslie Global Wealth LLC now owns 175,599 shares of the company’s stock valued at $3,826,000 after purchasing an additional 12,338 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Global X Variable Rate Preferred ETF by 4.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 51,293 shares of the company’s stock worth $1,118,000 after buying an additional 2,329 shares during the period. Foguth Wealth Management LLC. increased its position in Global X Variable Rate Preferred ETF by 220.6% during the 3rd quarter. Foguth Wealth Management LLC. now owns 670,995 shares of the company’s stock valued at $14,400,000 after purchasing an additional 461,722 shares during the period. Mather Group LLC. bought a new position in Global X Variable Rate Preferred ETF during the third quarter worth $371,000. Finally, Columbus Macro LLC bought a new stake in shares of Global X Variable Rate Preferred ETF during the 3rd quarter valued at about $20,953,000.
Global X Variable Rate Preferred ETF Stock Performance
NYSEARCA PFFV traded up $0.03 during trading on Tuesday, reaching $21.30. The company’s stock had a trading volume of 20,409 shares, compared to its average volume of 83,707. The firm has a 50 day moving average price of $21.76 and a 200 day moving average price of $22.12. Global X Variable Rate Preferred ETF has a 12 month low of $21.26 and a 12 month high of $23.11.
Global X Variable Rate Preferred ETF Company Profile
The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.
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