Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Update

Global X U.S. Preferred ETF (NYSEARCA:PFFD) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 701,175 shares, an increase of 349.3% from the December 31st total of 156,045 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 780,980 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 780,980 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the shares of the stock are short sold.

Global X U.S. Preferred ETF Stock Performance

PFFD traded down $0.07 during midday trading on Thursday, hitting $19.44. 902,636 shares of the company traded hands, compared to its average volume of 683,802. Global X U.S. Preferred ETF has a 52-week low of $17.81 and a 52-week high of $20.03. The business has a 50 day simple moving average of $19.15 and a two-hundred day simple moving average of $19.25.

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

Several institutional investors have recently bought and sold shares of PFFD. Comerica Bank raised its holdings in shares of Global X U.S. Preferred ETF by 48.7% during the fourth quarter. Comerica Bank now owns 26,953 shares of the company’s stock valued at $510,000 after acquiring an additional 8,830 shares during the last quarter. Advisors Capital Management LLC increased its position in shares of Global X U.S. Preferred ETF by 1.6% during the fourth quarter. Advisors Capital Management LLC now owns 69,736 shares of the company’s stock worth $1,319,000 after purchasing an additional 1,095 shares in the last quarter. Hegarty Advisors LLC acquired a new position in Global X U.S. Preferred ETF in the 4th quarter valued at $1,871,000. First Interstate Bank lifted its holdings in Global X U.S. Preferred ETF by 50.1% in the 4th quarter. First Interstate Bank now owns 178,592 shares of the company’s stock valued at $3,377,000 after purchasing an additional 59,574 shares in the last quarter. Finally, Prepared Retirement Institute LLC lifted its holdings in Global X U.S. Preferred ETF by 1.2% in the 4th quarter. Prepared Retirement Institute LLC now owns 94,952 shares of the company’s stock valued at $1,796,000 after purchasing an additional 1,147 shares in the last quarter.

About Global X U.S. Preferred ETF

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.