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 large growth in short interest in July. As of July 15th, there was short interest totaling 701,572 shares, a growth of 109.5% from the June 30th total of 334,910 shares. Based on an average daily trading volume, of 847,678 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are short sold.

Virtus InfraCap U.S. Preferred Stock ETF Stock Up 0.7%

Shares of NYSEARCA PFFA traded up $0.14 during mid-day trading on Thursday, hitting $20.52. 675,054 shares of the company’s stock traded hands, compared to its average volume of 999,745. Virtus InfraCap U.S. Preferred Stock ETF has a 1 year low of $20.23 and a 1 year high of $22.50. The company’s 50-day moving average is $20.99 and its two-hundred day moving average is $21.29.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its position in shares of Virtus InfraCap U.S. Preferred Stock ETF by 37.2% during the 4th quarter. AdvisorNet Financial Inc now owns 295,733 shares of the company’s stock valued at $6,373,000 after purchasing an additional 80,180 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 34,786.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,028 shares of the company’s stock valued at $1,151,000 after buying an additional 52,876 shares during the period. Sunbelt Securities Inc. lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 177.3% in the first quarter. Sunbelt Securities Inc. now owns 56,816 shares of the company’s stock worth $1,157,000 after buying an additional 36,328 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Virtus InfraCap U.S. Preferred Stock ETF by 1.8% in the first quarter. Janney Montgomery Scott LLC now owns 55,534 shares of the company’s stock worth $1,131,000 after buying an additional 998 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Virtus InfraCap U.S. Preferred Stock ETF by 7.4% during the first quarter. Venturi Wealth Management LLC now owns 14,101 shares of the company’s stock worth $287,000 after buying an additional 972 shares during the period.

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.