Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) Short Interest Down 42.9% in July

Global X Variable Rate Preferred ETF (NYSEARCA:PFFV) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 11,700 shares, adropof42.9% from the July 15th total of 20,500 shares. Based on an average daily trading volume, of 74,100 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.1% of the company’s stock are short sold. Currently,0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 74,100 shares, the days-to-cover ratio is presently 0.2 days.

Global X Variable Rate Preferred ETF Price Performance

Shares of Global X Variable Rate Preferred ETF stock opened at $23.19 on Wednesday. The business’s 50 day simple moving average is $22.99 and its 200 day simple moving average is $23.23. Global X Variable Rate Preferred ETF has a 52-week low of $22.25 and a 52-week high of $24.48.

Institutional Investors Weigh In On Global X Variable Rate Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in Global X Variable Rate Preferred ETF by 14.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 295,339 shares of the company’s stock valued at $6,988,000 after purchasing an additional 36,525 shares in the last quarter. AXS Investments LLC bought a new position in Global X Variable Rate Preferred ETF in the first quarter valued at approximately $6,470,000. Janney Montgomery Scott LLC grew its stake in Global X Variable Rate Preferred ETF by 55.1% in the second quarter. Janney Montgomery Scott LLC now owns 272,685 shares of the company’s stock valued at $6,217,000 after purchasing an additional 96,835 shares in the last quarter. Bank of America Corp DE grew its stake in Global X Variable Rate Preferred ETF by 7.0% in the second quarter. Bank of America Corp DE now owns 257,112 shares of the company’s stock valued at $5,862,000 after purchasing an additional 16,712 shares in the last quarter. Finally, Ironsides Asset Advisors LLC grew its stake in Global X Variable Rate Preferred ETF by 61.6% in the first quarter. Ironsides Asset Advisors LLC now owns 227,550 shares of the company’s stock valued at $5,384,000 after purchasing an additional 86,713 shares in the last quarter.

Global X Variable Rate Preferred ETF Company Profile

The Global X Variable Rate Preferred ETF (PFFV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of variable rate US preferred securities, selected and weighted by market value. PFFV was launched on Jun 22, 2020 and is managed by Global X.