Virtus InfraCap U.S. Preferred Stock ETF (PFFA)Preferred Stock | Exchange Traded Fund | NYSEArca
20.87 USD
-0.08
(-0.382%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:56 a.m. EDT
The 8.5% yield is a siren song masking a precarious reality. While the monthly distribution has been mechanically stable, the underlying preferred assets carry significant leverage risk that could trigger a payout cut if interest rates remain sticky or credit spreads widen. The price action confirms this fragility; the asset is trading below its 50-day and 200-day averages, reflecting a lack of institutional conviction despite the headline yield. The recent 14-day price action shows a struggle to find buyers, hovering near the lower end of the yearly range. For income investors, the safety margin is thin; for traders, the options flow suggests a wait-and-see approach with a bias toward protection rather than aggressive speculation. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.012311 |
| AutoARIMA | 0.012312 |
| AutoTheta | 0.012312 |
| MSTL | 0.013243 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 67% |
| H-stat | 2.35 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.195 |
| Excess Kurtosis | -0.19 |
| Attribute | Value |
|---|---|
| Trailing P/E | 57.16 |
As of July 11, 2026, 3:56 a.m. EDT: Speculators are positioning defensively with heavy put open interest at strikes below the current price (20.00 and 19.00), suggesting a fear of downside volatility. Conversely, call activity is concentrated out-of-the-money at the 22.00 strike, indicating a speculative hope for a breakout to test resistance, while ATM call volume remains thin. This creates a 'long gamma' environment where the market expects a range-bound grind with potential for sharp moves.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.82% | 9.61% | 9.65% | 9.43% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-22 | 0.173 | 0.821463 |
| 2026-05-20 | 0.173 | 0.809546 |
| 2026-04-20 | 0.173 | 0.804651 |
| 2026-03-20 | 0.173 | 0.853478 |
| 2026-02-20 | 0.173 | 0.793578 |
| 2026-01-20 | 0.173 | 0.799445 |
| 2025-12-22 | 0.170 | 0.783771 |
| 2025-11-20 | 0.170 | 0.804163 |
| 2025-10-20 | 0.170 | 0.787766 |
| 2025-09-22 | 0.170 | 0.768883 |
| 2025-08-20 | 0.170 | 0.784857 |
| 2025-07-21 | 0.170 | 0.801131 |
| 2025-06-20 | 0.170 | 0.820463 |
| 2025-05-20 | 0.170 | 0.820068 |
| 2025-04-21 | 0.170 | 0.855992 |
| 2025-03-20 | 0.170 | 0.784133 |
| 2025-02-20 | 0.170 | 0.769579 |
| 2025-01-21 | 0.170 | 0.764732 |
| 2024-12-20 | 0.168 | 0.762596 |
| 2024-11-20 | 0.168 | 0.753701 |
| 2024-10-21 | 0.168 | 0.732665 |
| 2024-09-20 | 0.168 | 0.734587 |
| 2024-08-20 | 0.168 | 0.775623 |
| 2024-07-22 | 0.168 | 0.784680 |
| 2024-06-20 | 0.168 | 0.796586 |
| 2024-05-20 | 0.168 | 0.800763 |
| 2024-04-22 | 0.168 | 0.825553 |
| 2024-03-20 | 0.168 | 0.796586 |
| 2024-02-21 | 0.168 | 0.809639 |
| 2024-01-22 | 0.168 | 0.812772 |
| 2023-12-20 | 0.165 | 0.811209 |
| 2023-11-20 | 0.165 | 0.869336 |
| 2023-10-20 | 0.165 | 0.904605 |
| 2023-09-20 | 0.165 | 0.840979 |
| 2023-08-21 | 0.165 | 0.857143 |
| 2023-07-20 | 0.165 | 0.839268 |
| 2023-06-20 | 0.165 | 0.877660 |
| 2023-05-22 | 0.165 | 0.897715 |
| 2023-04-20 | 0.165 | 0.870253 |
| 2023-03-20 | 0.165 | 0.908090 |
| 2023-02-21 | 0.165 | 0.808031 |
| 2023-01-20 | 0.165 | 0.810413 |
| 2022-12-20 | 0.163 | 0.892173 |
| 2022-11-21 | 0.163 | 0.856993 |
| 2022-10-20 | 0.163 | 0.893640 |
| 2022-09-20 | 0.163 | 0.789346 |
| 2022-08-22 | 0.163 | 0.733904 |
| 2022-07-20 | 0.163 | 0.752887 |
| 2022-06-21 | 0.163 | 0.779904 |
| 2022-05-20 | 0.163 | 0.743953 |
| 2022-04-20 | 0.163 | 0.695986 |
| 2022-03-21 | 0.163 | 0.689509 |
| 2022-02-22 | 0.163 | 0.706545 |
| 2022-01-20 | 0.163 | 0.659118 |
| 2021-12-20 | 0.160 | 0.651731 |
| 2021-11-22 | 0.160 | 0.646204 |
| 2021-10-20 | 0.160 | 0.636689 |
| 2021-09-20 | 0.160 | 0.645682 |
| 2021-08-20 | 0.160 | 0.637450 |
| 2021-07-20 | 0.160 | 0.638468 |
| 2021-06-21 | 0.160 | 0.642570 |
| 2021-05-20 | 0.160 | 0.661430 |
| 2021-04-20 | 0.160 | 0.658979 |
| 2021-03-22 | 0.160 | 0.684346 |
| 2021-02-22 | 0.160 | 0.714286 |
| 2021-01-20 | 0.160 | 0.715884 |
| 2020-12-21 | 0.150 | 0.685558 |
| 2020-11-20 | 0.150 | 0.707547 |
| 2020-10-20 | 0.150 | 0.768246 |
| 2020-09-21 | 0.150 | 0.781657 |
| 2020-08-20 | 0.150 | 0.748503 |
| 2020-07-20 | 0.150 | 0.824946 |
| 2020-06-22 | 0.150 | 0.806452 |
| 2020-05-20 | 0.150 | 0.890208 |
| 2020-04-20 | 0.150 | 0.967742 |
| 2020-03-20 | 0.150 | 1.273345 |
| 2020-02-20 | 0.190 | 0.712144 |
| 2020-01-21 | 0.190 | 0.711610 |
| 2019-12-20 | 0.550 | 2.104860 |
| 2019-11-20 | 0.190 | 0.723561 |
| 2019-10-21 | 0.190 | 0.715361 |
| 2019-09-20 | 0.190 | 0.721885 |
| 2019-08-20 | 0.190 | 0.729647 |
| 2019-07-22 | 0.190 | 0.733364 |
| 2019-06-20 | 0.190 | 0.737291 |
| 2019-05-20 | 0.190 | 0.748503 |
| 2019-04-22 | 0.190 | 0.752177 |
| 2019-03-20 | 0.190 | 0.762899 |
| 2019-02-20 | 0.190 | 0.775985 |
| 2019-01-22 | 0.190 | 0.811272 |
| 2018-12-20 | 0.190 | 0.878816 |
| 2018-11-20 | 0.190 | 0.806212 |
| 2018-10-22 | 0.190 | 0.775510 |
| 2018-09-20 | 0.190 | 0.746562 |
| 2018-08-21 | 0.190 | 0.728807 |
| 2018-07-20 | 0.190 | 0.734243 |
| Attribute | Value |
|---|---|
| All Time High | 27.35 |
| All Time Low | 7.505 |
| Ask | 0.0 |
| Ask Size | 3,500 |
| Average Daily Volume10 Day | 1,058,760 |
| Average Daily Volume3 Month | 998,922 |
| Average Volume | 998,922 |
| Average Volume10Days | 1,058,760 |
| Beta3 Year | 1.07 |
| Bid | 0.0 |
| Bid Size | 2,500 |
| Category | Preferred Stock |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 21.05 |
| Day Low | 20.83 |
| Dividend Date | 1,532,908,800 |
| Dividend Yield | 8.5 |
| Eps Trailing Twelve Months | 0.3651151 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 21.2622 |
| Fifty Day Average Change | -0.39219856 |
| Fifty Day Average Change Percent | -0.018445814 |
| Fifty Two Week Change Percent | -1.8275559 |
| Fifty Two Week High | 22.5 |
| Fifty Two Week High Change | -1.6299992 |
| Fifty Two Week High Change Percent | -0.07244441 |
| Fifty Two Week Low | 20.23 |
| Fifty Two Week Low Change | 0.6400013 |
| Fifty Two Week Low Change Percent | 0.03163625 |
| Fifty Two Week Range | 20.23 - 22.5 |
| First Trade Date Milliseconds | 1,526,477,400,000 |
| Five Year Average Return | 0.0571161 |
| Full Exchange Name | NYSEArca |
| Fund Family | Virtus |
| Fund Inception Date | 1,526,342,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified. |
| Long Name | Virtus InfraCap U.S. Preferred Stock ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_544631656 |
| Nav Price | 20.90698 |
| Net Assets | 2,390,625,540.0 |
| Net Expense Ratio | 2.11 |
| Open | 20.94 |
| Phone | (212) 593-4383 |
| Previous Close | 20.95 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.0799999 |
| Regular Market Change Percent | -0.381861 |
| Regular Market Day High | 21.05 |
| Regular Market Day Low | 20.83 |
| Regular Market Day Range | 20.83 - 21.05 |
| Regular Market Open | 20.94 |
| Regular Market Previous Close | 20.95 |
| Regular Market Price | 20.87 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 666,940 |
| Short Name | Virtus InfraCap U.S. Preferred |
| Source Interval | 15 |
| Symbol | PFFA |
| Three Year Average Return | 0.1211045 |
| Total Assets | 2,390,625,536 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 57.160057 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 3.87931 |
| Trailing Three Month Returns | 3.87931 |
| Triggerable | 1 |
| Two Hundred Day Average | 21.4494 |
| Two Hundred Day Average Change | -0.5793991 |
| Two Hundred Day Average Change Percent | -0.027012369 |
| Type Disp | ETF |
| Volume | 666,940 |
| Yield | 0.085 |
| Ytd Return | 0.35757 |