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
Dec 26	B	Very Strong	Up	Up	Up	17.78%
Dec 22	A	Strong	Up	Up	Up	17.89%
Dec 21	A	Strong	Up	Up	Up	18.30%
Dec 20	A	Strong	Up	Up	Up	18.47%
Dec 19	A	Strong	Up	Up	Up	18.67%
Dec 18	A	Strong	Up	Up	Up	18.79%
Dec 15	A	Strong	Up	Up	Up	18.91%
Dec 14	B	Strong	Up	Up	Up	18.91%
Dec 13	A	Strong	Up	Up	Up	20.38%
Dec 12	A	Strong	Up	Up	Up	22.44%