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

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 25	A	Strong	Up	Up	Up	15.19%
Jan 24	A	Strong	Up	Up	Flat	16.31%
Jan 23	A	Strong	Up	Up	Flat	16.03%
Jan 22	A	Very Strong	Up	Up	Flat	15.63%
Jan 19	A	Very Strong	Up	Up	Flat	16.49%
Jan 18	A	Very Strong	Up	Up	Down	16.75%
Jan 17	A	Very Strong	Up	Up	Flat	16.35%
Jan 16	A	Very Strong	Up	Up	Up	15.24%
Jan 12	A	Very Strong	Up	Up	Up	15.02%
Jan 11	A	Very Strong	Up	Up	Flat	15.79%