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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 726,473 shares, an increase of 76.1% from the August 31st total of 412,624 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 850,830 shares, the days-to-cover ratio is currently 0.9 days.

Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.3%

Shares of NYSEARCA:PFFA traded up $0.05 during trading on Thursday, reaching $19.80. The stock had a trading volume of 987,590 shares, compared to its average volume of 958,405. The firm’s 50-day simple moving average is $20.69 and its 200 day simple moving average is $20.97. Virtus InfraCap U.S. Preferred Stock ETF has a one year low of $19.59 and a one year high of $22.06.

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

Several institutional investors have recently bought and sold shares of PFFA. Sunbelt Securities Inc. increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 177.3% during the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after purchasing an additional 36,328 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 3.1% during the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock valued at $6,207,000 after purchasing an additional 9,144 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 31.0% in the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after purchasing an additional 7,805 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter worth $42,000. Finally, Tsfg LLC purchased a new position in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth $29,000.

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.