Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Up 24.0% in April

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 744,134 shares, an increase of 24.0% from the March 31st total of 600,168 shares. Based on an average daily trading volume, of 711,299 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the company’s stock are short sold.

Global X U.S. Preferred ETF Trading Down 0.5%

Shares of NYSEARCA:PFFD traded down $0.09 during trading on Friday, reaching $19.00. 575,089 shares of the stock traded hands, compared to its average volume of 649,352. Global X U.S. Preferred ETF has a 52-week low of $18.22 and a 52-week high of $19.89. The stock has a 50-day moving average of $18.83 and a two-hundred day moving average of $19.06.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PFFD. Bank of Montreal Can boosted its holdings in Global X U.S. Preferred ETF by 72.9% in the fourth quarter. Bank of Montreal Can now owns 1,937 shares of the company’s stock worth $37,000 after purchasing an additional 817 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth approximately $40,000. Root Financial Partners LLC purchased a new stake in Global X U.S. Preferred ETF in the first quarter worth approximately $44,000. International Assets Investment Management LLC purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth approximately $50,000. Finally, AG Campbell Advisory LLC purchased a new stake in Global X U.S. Preferred ETF in the fourth quarter worth approximately $50,000.

Global X U.S. Preferred ETF Company Profile

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.