Short Interest in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Drops By 89.5%

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 4,345 shares, a decline of 89.5% from the April 30th total of 41,537 shares. Based on an average daily trading volume, of 23,434 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

InfraCap REIT Preferred ETF Stock Down 0.2%

Shares of PFFR traded down $0.04 during midday trading on Friday, reaching $17.54. The stock had a trading volume of 63,802 shares, compared to its average volume of 43,483. InfraCap REIT Preferred ETF has a 52 week low of $17.05 and a 52 week high of $19.27. The firm’s 50 day moving average price is $17.61 and its 200-day moving average price is $17.93.

Institutional Trading of InfraCap REIT Preferred ETF

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

InfraCap REIT Preferred ETF Company Profile

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.