Global X U.S. Preferred ETF (NYSEARCA:PFFD) Sees Large Growth in Short Interest
by Sarita Garza · The Markets DailyGlobal X U.S. Preferred ETF (NYSEARCA:PFFD – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 698,752 shares, a growth of 195.9% from the August 31st total of 236,142 shares. Based on an average trading volume of 962,998 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are short sold.
Institutional Trading of Global X U.S. Preferred ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FF Advisors LLC lifted its stake in shares of Global X U.S. Preferred ETF by 31.6% during the 4th quarter. FF Advisors LLC now owns 120,569 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,956 shares during the last quarter. WealthTrust Axiom LLC grew its position in Global X U.S. Preferred ETF by 23.0% in the 4th quarter. WealthTrust Axiom LLC now owns 327,067 shares of the company’s stock valued at $6,185,000 after acquiring an additional 61,236 shares during the last quarter. Texas Yale Capital Corp. increased its stake in Global X U.S. Preferred ETF by 11.1% in the fourth quarter. Texas Yale Capital Corp. now owns 340,590 shares of the company’s stock worth $6,441,000 after purchasing an additional 34,041 shares during the period. Columbus Macro LLC increased its stake in Global X U.S. Preferred ETF by 22.3% in the first quarter. Columbus Macro LLC now owns 919,406 shares of the company’s stock worth $16,917,000 after purchasing an additional 167,907 shares during the period. Finally, Bessemer Group Inc. bought a new stake in shares of Global X U.S. Preferred ETF during the first quarter worth $18,434,000.
Global X U.S. Preferred ETF Stock Performance
NYSEARCA PFFD traded down $0.02 on Friday, reaching $17.82. The company had a trading volume of 1,924,772 shares, compared to its average volume of 681,575. The firm’s 50 day moving average price is $18.34 and its 200 day moving average price is $18.61. Global X U.S. Preferred ETF has a 12 month low of $17.76 and a 12 month high of $19.65.
About Global X U.S. Preferred ETF
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.