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
Jul 18	A	Weak or Absent	Up	Up	Flat	7.19%
Jul 17	A	Weak or Absent	Up	Up	Up	6.70%
Jul 16	B	Weak or Absent	Up	Up	Up	6.65%
Jul 15	A	Weak or Absent	Up	Up	Up	6.90%
Jul 12	A	Weak or Absent	Up	Up	Up	6.70%
Jul 11	A	Weak or Absent	Up	Up	Up	6.99%
Jul 10	B	Weak or Absent	Up	Up	Flat	8.10%
Jul 9	B	Weak or Absent	Up	Up	Flat	8.72%
Jul 8	A	Weak or Absent	Up	Up	Up	7.60%
Jul 5	A	Weak or Absent	Up	Up	Up	7.14%