Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Declines By 40.7%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 503,400 shares, a decrease of 40.7% from the May 15th total of 849,500 shares. Based on an average daily trading volume, of 615,300 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.7% of the shares of the stock are sold short.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

Shares of NYSEARCA PFFA traded up $0.08 during trading hours on Monday, hitting $20.75. 305,185 shares of the company traded hands, compared to its average volume of 497,906. The company’s 50 day moving average price is $20.48 and its 200 day moving average price is $21.43. Virtus InfraCap U.S. Preferred Stock ETF has a 12 month low of $19.20 and a 12 month high of $23.24.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Anfield Capital Management LLC lifted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 39.7% in the first quarter. Anfield Capital Management LLC now owns 5,208 shares of the company’s stock worth $110,000 after acquiring an additional 1,481 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 1st quarter worth approximately $1,539,000. Future Financial Wealth Managment LLC increased its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 384.0% during the first quarter. Future Financial Wealth Managment LLC now owns 124,424 shares of the company’s stock valued at $2,639,000 after buying an additional 98,718 shares during the period. AdvisorNet Financial Inc increased its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 10,834.7% during the first quarter. AdvisorNet Financial Inc now owns 115,470 shares of the company’s stock valued at $2,449,000 after buying an additional 114,414 shares during the period. Finally, Anderson Financial Strategies LLC bought a new position in Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter worth approximately $7,202,000.

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.