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
May 20	A	Weak or Absent	Up	Up	Up	10.31%
May 17	A	Weak or Absent	Up	Up	Up	10.25%
May 16	A	Weak or Absent	Up	Up	Up	10.46%
May 15	A	Weak or Absent	Up	Up	Up	10.30%
May 14	A	Weak or Absent	Up	Up	Flat	11.78%
May 13	A	Weak or Absent	Up	Up	Up	11.78%
May 10	A	Weak or Absent	Up	Up	Up	12.05%
May 9	A	Weak or Absent	Up	Up	Up	11.94%
May 8	B	Weak or Absent	Up	Flat	Flat	13.08%
May 7	A	Weak or Absent	Up	Up	Up	11.94%