InfraCap REIT Preferred ETF (NYSEARCA:PFFR) Sees Large Decrease in Short Interest

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,767 shares, a drop of 72.5% from the August 31st total of 17,319 shares. Based on an average trading volume of 27,019 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of InfraCap REIT Preferred ETF

An institutional investor recently raised its position in InfraCap REIT Preferred ETF stock. Janney Montgomery Scott LLC increased its position in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 101.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,350 shares of the company’s stock after purchasing an additional 45,510 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.37% of InfraCap REIT Preferred ETF worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

InfraCap REIT Preferred ETF Stock Down 0.8%

InfraCap REIT Preferred ETF stock traded down $0.14 during mid-day trading on Friday, reaching $16.80. 62,032 shares of the company traded hands, compared to its average volume of 38,025. InfraCap REIT Preferred ETF has a 52-week low of $16.75 and a 52-week high of $19.00. The firm’s 50 day moving average price is $17.45 and its 200 day moving average price is $17.57.

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.