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 6	A	Weak or Absent	Up	Up	Up	11.72%
May 3	A	Weak or Absent	Up	Up	Up	12.48%
May 2	A	Weak or Absent	Up	Up	Up	12.15%
May 1	B	Weak or Absent	Up	Flat	Up	13.41%
Apr 30	B	Weak or Absent	Up	Flat	Up	13.52%
Apr 29	C	Weak or Absent	Up	Down	Up	14.35%
Apr 26	C	Weak or Absent	Up	Down	Up	14.47%
Apr 25	B	Strong	Up	Down	Up	14.30%
Apr 24	B	Strong	Up	Down	Up	14.02%
Apr 23	C	Strong	Up	Flat	Up	13.68%