Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Sees Large Increase in Short Interest

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 412,624 shares, a growth of 315.6% from the August 15th total of 99,295 shares. Based on an average daily volume of 719,420 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Virtus InfraCap U.S. Preferred Stock ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Tsfg LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at approximately $29,000. Allied Private Wealth LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the second quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after purchasing an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 valued at $287,000 after buying an additional 972 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 115.5% in the third quarter. NewEdge Advisors LLC now owns 17,881 shares of the company’s stock valued at $388,000 after buying an additional 9,584 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Stock Performance

Shares of PFFA opened at $20.62 on Friday. The firm’s 50-day moving average is $20.85 and its two-hundred day moving average is $21.08. Virtus InfraCap U.S. Preferred Stock ETF has a twelve month low of $20.23 and a twelve month high of $22.50.

About Virtus InfraCap U.S. Preferred Stock ETF

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.