Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Declines By 59.6%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 207,250 shares, a decrease of 59.6% from the May 31st total of 512,651 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,072,643 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management increased its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 2.4% in the 3rd quarter. Triumph Capital Management now owns 21,936 shares of the company’s stock worth $476,000 after buying an additional 518 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 2.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 26,724 shares of the company’s stock worth $580,000 after purchasing an additional 695 shares during the period. Venturi Wealth Management LLC lifted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% in the first quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after purchasing an additional 972 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after purchasing an additional 998 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after acquiring an additional 1,000 shares during the period.

Virtus InfraCap U.S. Preferred Stock ETF Stock Down 0.4%

NYSEARCA PFFA traded down $0.09 during trading hours on Tuesday, hitting $20.57. The company had a trading volume of 1,244,531 shares, compared to its average volume of 1,028,023. Virtus InfraCap U.S. Preferred Stock ETF has a 52 week low of $20.23 and a 52 week high of $22.50. The firm has a 50 day simple moving average of $21.33 and a 200 day simple moving average of $21.42.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) is an exchange-traded fund that is based on the SP US Preferred Stock index. The fund is an actively managed fund of US preferred stock that leverages the portfolio to varying degrees. The fund seeks current income, with capital appreciation as a secondary goal. PFFA was launched on May 15, 2018 and is managed by Virtus.