Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Down 66.5% in August

Global X U.S. Preferred ETF (NYSEARCA:PFFD) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 236,142 shares, a drop of 66.5% from the August 15th total of 705,179 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 669,123 shares, the short-interest ratio is presently 0.4 days.

Global X U.S. Preferred ETF Stock Up 0.6%

Shares of PFFD stock traded up $0.11 during mid-day trading on Friday, hitting $18.12. The company’s stock had a trading volume of 1,068,387 shares, compared to its average volume of 662,211. Global X U.S. Preferred ETF has a 52-week low of $18.01 and a 52-week high of $19.89. The business has a 50-day moving average price of $18.47 and a 200 day moving average price of $18.70.

Institutional Investors Weigh In On Global X U.S. Preferred ETF

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Global X U.S. Preferred ETF by 1,157.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 153,598 shares of the company’s stock valued at $2,925,000 after acquiring an additional 141,386 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Global X U.S. Preferred ETF during the second quarter valued at approximately $193,000. Qube Research & Technologies Ltd raised its holdings in shares of Global X U.S. Preferred ETF by 40.5% during the second quarter. Qube Research & Technologies Ltd now owns 8,371 shares of the company’s stock valued at $158,000 after purchasing an additional 2,415 shares during the last quarter. NewEdge Advisors LLC lifted its position in Global X U.S. Preferred ETF by 9.3% during the second quarter. NewEdge Advisors LLC now owns 90,238 shares of the company’s stock valued at $1,699,000 after purchasing an additional 7,671 shares during the period. Finally, Sei Investments Co. lifted its position in Global X U.S. Preferred ETF by 31.7% during the second quarter. Sei Investments Co. now owns 764,477 shares of the company’s stock valued at $14,395,000 after purchasing an additional 183,876 shares during the period.

Global X U.S. Preferred ETF Company Profile

The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.