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Virtus InfraCap U.S. Preferred Stock ETF (PFFA)

Preferred Stock | Exchange Traded Fund | NYSEArca
20.95 USD -0.11 (-0.522%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 21.00 +0.05 (0.239%) ⇧ (Aug. 28, 2026, 7:37 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 3:41 a.m. EDT

The long-term outlook is severely compromised by a structural decline; despite a recent slight recovery, the asset has lost nearly 17% of its value over the last seven years, with four of the last five annual periods seeing negative returns. This persistent underperformance suggests the market views the underlying preferred portfolio as fundamentally deteriorating or illiquid, regardless of the current yield. While the 8.6% dividend yield is attractive on paper, it is likely insufficient to offset the capital erosion and carries significant risk of NAV erosion if the underlying assets are called away or if credit spreads widen further. The short-term picture is mixed; while the statistical forecast model shows a negligible bearish lean, the options market is screaming caution with heavy downside protection buying. Investors should view this as a speculative income play with high tail risk rather than a core holding.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.015680
AutoTheta0.016073
AutoARIMA0.016605
MSTL0.026449

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 68%
H-stat 1.73
Ljung-Box p 0.000
Jarque-Bera p 0.274
Excess Kurtosis -0.72
Attribute Value
Trailing P/E 42.85

As of Aug. 22, 2026, 3:41 a.m. EDT: Speculators are positioning defensively with heavy put volume at strikes significantly below the current price (16.0 and 19.0), indicating a fear of a sharp downside gap or a 'floor' test. Conversely, call interest is concentrated at the money and slightly out-of-the-money, suggesting a belief that the asset will trade sideways or drift up slowly, but without the aggressive leverage seen in the put side.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.83% 9.69% 9.63% 9.51%
Dividend History
Date Dividend Yield %
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
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 8.61
dividendDate 2018-07-30

Info Dump

Attribute Value
All Time High 27.35
All Time Low 7.505
Ask 20.96
Ask Size 2,000
Average Daily Volume10 Day 688,500
Average Daily Volume3 Month 896,582
Average Volume 896,582
Average Volume10Days 688,500
Beta3 Year 1.05
Bid 20.95
Bid Size 800
Category Preferred Stock
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 21.0805
Day Low 20.95
Dividend Date 1,532,908,800
Dividend Yield 8.61
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 20.848
Fifty Day Average Change 0.10200119
Fifty Day Average Change Percent 0.004892613
Fifty Two Week Change Percent -2.9493093
Fifty Two Week High 22.5
Fifty Two Week High Change -1.5499992
Fifty Two Week High Change Percent -0.06888886
Fifty Two Week Low 20.23
Fifty Two Week Low Change 0.7200012
Fifty Two Week Low Change Percent 0.035590768
Fifty Two Week Range 20.23 - 22.5
First Trade Date Milliseconds 1,526,477,400,000
Five Year Average Return 0.060599
Full Exchange Name NYSEArca
Fullday Change -0.109999
Fullday Change Percent -0.522311
Fullday Price 21.0
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 CLOSED
Max Age 86,400
Message Board Id finmb_544631656
Nav Price 20.96757
Net Assets 2,454,476,800.0
Net Expense Ratio 2.11
Open 21.06
Phone (212) 593-4383
Post Market Change 0.049999237
Post Market Change Percent 0.23865983
Post Market Price 21.0
Post Market Time 1,787,960,254
Previous Close 21.06
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.109999
Regular Market Change Percent -0.522311
Regular Market Day High 21.0805
Regular Market Day Low 20.95
Regular Market Day Range 20.95 - 21.0805
Regular Market Open 21.06
Regular Market Previous Close 21.06
Regular Market Price 20.95
Regular Market Time 1,787,947,200
Regular Market Volume 559,753
Short Name Virtus InfraCap U.S. Preferred
Source Interval 15
Symbol PFFA
Three Year Average Return 0.1336213
Total Assets 2,454,476,800
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 42.854153
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.57248
Trailing Three Month Returns -1.57248
Triggerable 1
Two Hundred Day Average 21.31065
Two Hundred Day Average Change -0.3606491
Two Hundred Day Average Change Percent -0.016923422
Type Disp ETF
Volume 559,753
Yield 0.0861
Ytd Return 1.59987