Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Stock Short Interest Jumps 76.1%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 726,473 shares, an increase of 76.1% from the August 31st total of 412,624 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 850,830 shares, the days-to-cover ratio is presently 0.9 days.

Virtus InfraCap U.S. Preferred Stock ETF Price Performance

Shares of NYSEARCA:PFFA opened at $19.80 on Friday. The firm has a 50 day simple moving average of $20.68 and a 200 day simple moving average of $20.96. Virtus InfraCap U.S. Preferred Stock ETF has a one year low of $19.59 and a one year high of $22.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. increased its stake in shares of 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 valued at $1,157,000 after buying an additional 36,328 shares during the period. AdvisorNet Financial Inc raised its holdings in Virtus InfraCap U.S. Preferred Stock ETF by 3.1% in the 1st quarter. AdvisorNet Financial Inc now owns 304,877 shares of the company’s stock valued at $6,207,000 after buying an additional 9,144 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Virtus InfraCap U.S. Preferred Stock ETF by 31.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,974 shares of the company’s stock worth $671,000 after buying an additional 7,805 shares during the period. Allied Private Wealth LLC acquired a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 2nd quarter worth approximately $42,000. Finally, Noble Wealth Management PBC bought a new stake in Virtus InfraCap U.S. Preferred Stock ETF during the 3rd quarter worth approximately $30,000.

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.