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 16	F	Strong	Down	Down	Down	42.76%
May 15	F	Strong	Down	Down	Flat	41.03%
May 12	F	Strong	Down	Down	Down	42.68%
May 11	F	Strong	Down	Down	Down	41.97%
May 10	F	Strong	Down	Down	Down	41.26%
May 9	F	Weak or Absent	Down	Down	Down	41.42%
May 8	F	Weak or Absent	Down	Down	Down	40.57%
May 5	F	Weak or Absent	Down	Down	Down	40.57%
May 4	F	Weak or Absent	Down	Down	Down	42.84%
May 3	D	Weak or Absent	Down	Down	Down	39.34%