Global X U.S. Preferred ETF (NYSEARCA:PFFD) Short Interest Up 24.0% in April
by Scott Moore · The Cerbat GemGlobal X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 744,134 shares, an increase of 24.0% from the March 31st total of 600,168 shares. Based on an average daily trading volume, of 711,299 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s shares are sold short.
Global X U.S. Preferred ETF Price Performance
PFFD stock traded down $0.09 during trading on Friday, reaching $19.00. The company had a trading volume of 575,089 shares, compared to its average volume of 649,352. Global X U.S. Preferred ETF has a 52 week low of $18.22 and a 52 week high of $19.89. The business has a 50 day moving average of $18.83 and a 200 day moving average of $19.06.
Hedge Funds Weigh In On Global X U.S. Preferred ETF
A number of institutional investors and hedge funds have recently made changes to their positions in PFFD. Carnegie Investment Counsel purchased a new stake in shares of Global X U.S. Preferred ETF during the fourth quarter valued at approximately $7,464,000. Flaharty Asset Management LLC purchased a new stake in shares of Global X U.S. Preferred ETF during the third quarter valued at approximately $20,982,000. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in shares of Global X U.S. Preferred ETF by 68.8% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,551,000 shares of the company’s stock valued at $30,136,000 after buying an additional 632,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Global X U.S. Preferred ETF by 200.8% during the third quarter. JPMorgan Chase & Co. now owns 107,691 shares of the company’s stock valued at $2,092,000 after buying an additional 71,884 shares during the last quarter. Finally, Collective Family Office LLC grew its holdings in shares of Global X U.S. Preferred ETF by 21.4% during the fourth quarter. Collective Family Office LLC now owns 607,376 shares of the company’s stock valued at $11,485,000 after buying an additional 106,896 shares during the last quarter.
Global X U.S. Preferred ETF Company Profile
The Global X U.S. Preferred ETF (PFFD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of US preferred stocks, selected and weighted by market value. PFFD was launched on Sep 11, 2017 and is managed by Global X.