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

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 728,080 shares, a decline of 29.5% from the November 30th total of 1,033,371 shares. Based on an average daily volume of 776,063 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 776,063 shares, the days-to-cover ratio is presently 0.9 days.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

NYSEARCA:PFFA traded down $0.01 during mid-day trading on Tuesday, hitting $21.59. The company’s stock had a trading volume of 716,211 shares, compared to its average volume of 596,135. Virtus InfraCap U.S. Preferred Stock ETF has a 1 year low of $19.20 and a 1 year high of $22.50. The business’s fifty day moving average is $21.54 and its two-hundred day moving average is $21.55.

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

Several institutional investors and hedge funds have recently modified their holdings of PFFA. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 1,000 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% during the third quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock worth $66,000 after buying an additional 3,060 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Virtus InfraCap U.S. Preferred Stock ETF in the 2nd quarter valued at $234,000. NewEdge Advisors LLC grew its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 115.5% in the 3rd 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. Finally, Triumph Capital Management increased its stake 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 acquiring an additional 518 shares during the last quarter.

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.