InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Short Interest Up 3,506.4% in April

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 6,167 shares, a growth of 3,506.4% from the March 31st total of 171 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,636 shares, the days-to-cover ratio is presently 0.1 days.

InfraCap REIT Preferred ETF Trading Up 0.1%

InfraCap REIT Preferred ETF stock traded up $0.02 during midday trading on Friday, reaching $17.80. The company had a trading volume of 56,636 shares, compared to its average volume of 45,958. InfraCap REIT Preferred ETF has a 12-month low of $17.05 and a 12-month high of $19.27. The firm’s fifty day simple moving average is $17.70 and its 200-day simple moving average is $18.06.

InfraCap REIT Preferred ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.123 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC grew its holdings in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 206.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,789 shares of the company’s stock after purchasing an additional 32,860 shares during the quarter. Kingswood Wealth Advisors LLC owned about 0.83% of InfraCap REIT Preferred ETF worth $912,000 as of its most recent SEC filing.

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.