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

InfraCap REIT Preferred ETF (NYSEARCA:PFFR) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 80,479 shares, an increase of 21.5% from the February 12th total of 66,234 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 65,312 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 65,312 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in InfraCap REIT Preferred ETF stock. Kingswood Wealth Advisors LLC increased its position in InfraCap REIT Preferred ETF (NYSEARCA:PFFR) by 206.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,789 shares of the company’s stock after purchasing an additional 32,860 shares during the quarter. Kingswood Wealth Advisors LLC owned approximately 0.83% of InfraCap REIT Preferred ETF worth $912,000 as of its most recent SEC filing.

InfraCap REIT Preferred ETF Price Performance

NYSEARCA:PFFR opened at $17.85 on Wednesday. InfraCap REIT Preferred ETF has a 1-year low of $16.99 and a 1-year high of $19.27. The firm has a fifty day simple moving average of $18.09 and a 200 day simple moving average of $18.31.

InfraCap REIT Preferred ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.123 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Friday, February 20th.

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.