Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Stock Short Interest Falls 84.2%

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 22,307 shares, a decrease of 84.2% from the September 30th total of 141,251 shares. Based on an average daily volume of 141,837 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Columbus Macro LLC bought a new position in Global X Variable Rate Preferred ETF in the third quarter valued at approximately $20,953,000. Janney Montgomery Scott LLC raised its holdings in Global X Variable Rate Preferred ETF by 84.4% during the first quarter. Janney Montgomery Scott LLC now owns 681,034 shares of the company’s stock worth $14,866,000 after acquiring an additional 311,788 shares in the last quarter. Foguth Wealth Management LLC. grew its stake in shares of Global X Variable Rate Preferred ETF by 220.6% in the third quarter. Foguth Wealth Management LLC. now owns 670,995 shares of the company’s stock valued at $14,400,000 after buying an additional 461,722 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Global X Variable Rate Preferred ETF by 64.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 128,997 shares of the company’s stock worth $2,866,000 after purchasing an additional 50,579 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Global X Variable Rate Preferred ETF by 4.7% in the first quarter. Bank of America Corp DE now owns 135,828 shares of the company’s stock valued at $2,965,000 after buying an additional 6,153 shares during the last quarter.

Global X Variable Rate Preferred ETF Stock Up 0.1%

NYSEARCA:PFFV traded up $0.03 during trading hours on Tuesday, hitting $21.30. 20,409 shares of the stock were exchanged, compared to its average volume of 83,707. The company’s 50 day moving average is $21.76 and its two-hundred day moving average is $22.12. Global X Variable Rate Preferred ETF has a twelve month low of $21.26 and a twelve month high of $23.11.

Global X Variable Rate Preferred ETF Company Profile

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.