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

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 156,045 shares, a decrease of 78.7% from the December 15th total of 732,478 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 774,461 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 774,461 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Global X U.S. Preferred ETF Stock Performance

Shares of PFFD stock traded up $0.07 during mid-day trading on Tuesday, reaching $19.42. 480,614 shares of the company’s stock traded hands, compared to its average volume of 774,984. The company’s 50-day moving average price is $19.00 and its 200-day moving average price is $19.21. Global X U.S. Preferred ETF has a 12 month low of $17.81 and a 12 month high of $20.15.

Hedge Funds Weigh In On Global X U.S. Preferred ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL lifted its holdings in shares of Global X U.S. Preferred ETF by 3,442.9% during the second quarter. Blair William & Co. IL now owns 2,728 shares of the company’s stock valued at $51,000 after purchasing an additional 2,651 shares during the last quarter. Fortitude Family Office LLC purchased a new position in Global X U.S. Preferred ETF during the second quarter valued at $67,000. Smartleaf Asset Management LLC bought a new stake in Global X U.S. Preferred ETF in the second quarter worth $102,000. Geneos Wealth Management Inc. grew its stake in shares of Global X U.S. Preferred ETF by 117.0% in the second quarter. Geneos Wealth Management Inc. now owns 5,516 shares of the company’s stock worth $104,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Global X U.S. Preferred ETF by 718.7% during the second quarter. Harbour Investments Inc. now owns 5,600 shares of the company’s stock valued at $105,000 after acquiring an additional 4,916 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.