Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Stock Short Interest Report for September

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 141,251 shares, a decline of 60.3% from the September 15th total of 355,748 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 199,138 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Global X Variable Rate Preferred ETF

Large investors have recently modified their holdings of the company. SouthState Bank Corp acquired a new position in shares of Global X Variable Rate Preferred ETF during the first quarter valued at about $44,000. Fifth Third Bancorp bought a new stake in shares of Global X Variable Rate Preferred ETF during the first quarter valued at approximately $214,000. Corient Private Wealth LP bought a new stake in Global X Variable Rate Preferred ETF in the 2nd quarter valued at $222,000. Sei Investments Co. bought a new position in shares of Global X Variable Rate Preferred ETF during the 1st quarter worth about $225,000. Finally, Private Advisor Group LLC bought a new stake in Global X Variable Rate Preferred ETF in the first quarter valued at about $248,000.

Global X Variable Rate Preferred ETF Stock Performance

Global X Variable Rate Preferred ETF stock opened at $21.41 on Thursday. Global X Variable Rate Preferred ETF has a 1-year low of $21.31 and a 1-year high of $23.11. The firm’s fifty day simple moving average is $21.85 and its 200-day simple moving average is $22.04.

About Global X Variable Rate Preferred ETF

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.