Trend Table for PFFA - Virtus InfraCap U.S. Preferred Stock ETF

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 13	A	Weak or Absent	Up	Up	Up	11.86%
May 10	A	Weak or Absent	Up	Up	Up	12.13%
May 9	A	Weak or Absent	Up	Up	Up	12.02%
May 8	B	Weak or Absent	Up	Flat	Flat	13.16%
May 7	A	Weak or Absent	Up	Up	Up	12.02%
May 6	A	Weak or Absent	Up	Up	Up	11.80%
May 3	A	Weak or Absent	Up	Up	Up	12.56%
May 2	A	Weak or Absent	Up	Up	Up	12.23%
May 1	B	Weak or Absent	Up	Flat	Up	13.49%
Apr 30	B	Weak or Absent	Up	Flat	Up	13.60%