InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Sees Significant Growth in Short Interest

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,319 shares, an increase of 173.1% from the August 15th total of 6,342 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,579 shares, the days-to-cover ratio is currently 0.7 days.

InfraCap REIT Preferred ETF Stock Performance

Shares of NYSEARCA PFFR opened at $17.22 on Tuesday. The company has a 50 day simple moving average of $17.57 and a 200 day simple moving average of $17.62. InfraCap REIT Preferred ETF has a 1 year low of $17.05 and a 1 year high of $19.27.

Institutional Investors Weigh In On InfraCap REIT Preferred ETF

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in shares of InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,350 shares of the company’s stock after buying an additional 45,510 shares during the quarter. Janney Montgomery Scott LLC owned about 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 at the end of the most recent quarter.

About InfraCap REIT Preferred ETF

The InfraCap REIT Preferred ETF (PFFR) is an exchange-traded fund that is based on the Indxx REIT Preferred Stock index, a modified market-cap-weighted index of US-listed preferred securities issued by real estate investment trusts (REITs). PFFR was launched on Feb 7, 2017 and is managed by InfraCap.