Short Interest in Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) Decreases By 42.1%

Virtus InfraCap U.S. Preferred Stock ETF (NYSEARCA:PFFA) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 289,439 shares, a decline of 42.1% from the January 15th total of 500,053 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 951,532 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 951,532 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Virtus InfraCap U.S. Preferred Stock ETF Trading Up 0.6%

PFFA traded up $0.12 on Friday, hitting $21.87. 810,927 shares of the company’s stock were exchanged, compared to its average volume of 911,428. Virtus InfraCap U.S. Preferred Stock ETF has a fifty-two week low of $19.20 and a fifty-two week high of $22.50. The firm has a 50-day moving average price of $21.75 and a 200-day moving average price of $21.71.

Virtus InfraCap U.S. Preferred Stock ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Tuesday, January 20th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This is a boost from Virtus InfraCap U.S. Preferred Stock ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

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

A number of hedge funds have recently bought and sold shares of PFFA. Field & Main Bank purchased a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the 4th quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of Virtus InfraCap U.S. Preferred Stock ETF in the fourth quarter valued at approximately $40,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Virtus InfraCap U.S. Preferred Stock ETF by 50.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,000 shares of the company’s stock valued at $62,000 after acquiring an additional 1,000 shares in the last quarter. Farther Finance Advisors LLC increased its position in Virtus InfraCap U.S. Preferred Stock ETF by 153,000.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,062 shares of the company’s stock worth $66,000 after purchasing an additional 3,060 shares during the period. Finally, Anfield Capital Management LLC raised its position in Virtus InfraCap U.S. Preferred Stock ETF by 44.4% in the fourth quarter. Anfield Capital Management LLC now owns 8,013 shares of the company’s stock worth $173,000 after acquiring an additional 2,464 shares in the last quarter.

Virtus InfraCap U.S. Preferred Stock ETF Company Profile

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.