Virtus InfraCap U.S. Preferred Stock ETF (PFFA)Preferred Stock | Exchange Traded Fund | NYSEArca
19.29 USD
-0.07
(-0.361%) ⇩
(Oct. 16, 2026, 1:06 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 1:59 a.m. EDT
The most critical signal here is the structural damage to the underlying preferred portfolio. While the headline yield of nearly 10% looks attractive, the price history tells a different story: the asset has lost over 13% of its value over the last seven years, with four out of six years showing negative returns. This is not a temporary dip; it is a persistent underperformance driven by the deterioration of the underlying bonds, which are likely trading deep at a discount due to credit risk. The recent price action confirms this weakness, with the ETF failing to break above its 50-day moving average and trading near its yearly lows. The options market reflects this fear, with traders buying protection at lower strikes while hoping for a mean reversion to par value that may never happen given the credit headwinds. The high yield is essentially compensation for this severe capital risk, making it a dangerous play for income investors who cannot stomach the possibility of permanent impairment. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.010617 |
| AutoARIMA | 0.010908 |
| AutoTheta | 0.011020 |
| MSTL | 0.013431 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 68% |
| H-stat | 1.51 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.392 |
| Excess Kurtosis | -0.74 |
| Attribute | Value |
|---|---|
| Trailing P/E | 39.46 |
As of Oct. 10, 2026, 1:59 a.m. EDT: Speculators are positioning defensively with heavy put volume at strikes below the current price (19.0 and 19.5), creating a significant floor around the asset. Conversely, call interest is concentrated at strikes above the current price (21.0 and 22.0), suggesting a speculative hope for a rebound to par value rather than immediate upside. Implied volatility is elevated on both sides relative to ATM, indicating uncertainty about whether the asset will trade near its liquidation value or recover.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.84% | 9.76% | 9.63% | 9.55% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-21 | 0.173 | 0.839398 |
| 2026-08-20 | 0.173 | 0.828147 |
| 2026-07-20 | 0.173 | 0.836962 |
| 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 | 19.3 |
| Ask Size | 400 |
| Average Daily Volume10 Day | 926,340 |
| Average Daily Volume3 Month | 838,673 |
| Average Volume | 838,673 |
| Average Volume10Days | 926,340 |
| Beta3 Year | 1.12 |
| Bid | 19.3 |
| Bid Size | 2,300 |
| Category | Preferred Stock |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 19.47 |
| Day Low | 19.2818 |
| Display Name | InfraCap U.S. Pfd Stock ETF |
| Dividend Date | 1,532,908,800 |
| Dividend Yield | 9.76 |
| Eps Trailing Twelve Months | 0.48886746 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 20.4548 |
| Fifty Day Average Change | -1.1646996 |
| Fifty Day Average Change Percent | -0.05694016 |
| Fifty Two Week Change Percent | -10.24571 |
| Fifty Two Week High | 22.06 |
| Fifty Two Week High Change | -2.7698994 |
| Fifty Two Week High Change Percent | -0.12556207 |
| Fifty Two Week Low | 19.09 |
| Fifty Two Week Low Change | 0.20009995 |
| Fifty Two Week Low Change Percent | 0.010481925 |
| Fifty Two Week Range | 19.09 - 22.06 |
| First Trade Date Milliseconds | 1,526,477,400,000 |
| Five Year Average Return | 0.0412822 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.06990051 |
| Fullday Change Percent | -0.36096498 |
| Fullday Price | 19.2901 |
| 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 | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_544631656 |
| Nav Price | 19.04092 |
| Net Assets | 2,371,505,150.0 |
| Net Expense Ratio | 2.11 |
| Open | 19.3 |
| Phone | (212) 593-4383 |
| Previous Close | 19.36 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.06990051 |
| Regular Market Change Percent | -0.36096498 |
| Regular Market Day High | 19.47 |
| Regular Market Day Low | 19.2818 |
| Regular Market Day Range | 19.2818 - 19.47 |
| Regular Market Open | 19.3 |
| Regular Market Previous Close | 19.36 |
| Regular Market Price | 19.2901 |
| Regular Market Time | 1,792,170,405 |
| Regular Market Volume | 428,653 |
| Short Name | Virtus InfraCap U.S. Preferred |
| Source Interval | 15 |
| Symbol | PFFA |
| Three Year Average Return | 0.109850906 |
| Total Assets | 2,371,505,152 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 39.45875 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -1.007 |
| Trailing Three Month Returns | -1.007 |
| Triggerable | 1 |
| Two Hundred Day Average | 21.0792 |
| Two Hundred Day Average Change | -1.7891006 |
| Two Hundred Day Average Change Percent | -0.08487517 |
| Type Disp | ETF |
| Volume | 428,653 |
| Yield | 0.097600006 |
| Ytd Return | -0.65303 |