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
Dec 21	F	Weak or Absent	Down	Down	Down	44.10%
Dec 20	F	Weak or Absent	Down	Down	Down	44.50%
Dec 19	D	Weak or Absent	Down	Down	Down	41.86%
Dec 16	D	Weak or Absent	Down	Down	Down	41.17%
Dec 15	D	Weak or Absent	Down	Flat	Down	39.46%
Dec 14	C	Weak or Absent	Down	Up	Down	38.15%
Dec 13	C	Weak or Absent	Down	Flat	Down	38.58%
Dec 12	D	Weak or Absent	Down	Down	Down	40.80%
Dec 9	D	Weak or Absent	Down	Down	Down	40.20%
Dec 8	C	Weak or Absent	Down	Up	Down	37.50%