InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Shares Shorted: Short Interest Up 447.9% in September

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 26,119 shares, an increase of 447.9% from the September 15th total of 4,767 shares. Based on an average daily volume of 43,290 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC grew its holdings in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the quarter. Janney Montgomery Scott LLC owned about 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Trading Down 0.1%

PFFR traded down $0.02 on Friday, hitting $16.61. 53,501 shares of the company’s stock were exchanged, compared to its average volume of 38,658. InfraCap REIT Preferred ETF has a fifty-two week low of $16.48 and a fifty-two week high of $19.00. The firm has a 50-day moving average price of $17.27 and a 200-day moving average price of $17.50.

About InfraCap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.