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
Jan 10	A	Very Strong	Up	Up	Up	15.52%
Jan 9	A	Very Strong	Up	Up	Up	15.68%
Jan 8	A	Very Strong	Up	Up	Up	15.85%
Jan 5	A	Very Strong	Up	Up	Flat	16.75%
Jan 4	A	Very Strong	Up	Up	Flat	17.26%
Jan 3	A	Very Strong	Up	Up	Up	16.75%
Jan 2	A	Very Strong	Up	Up	Up	16.30%
Dec 29	A	Very Strong	Up	Up	Up	16.35%
Dec 28	A	Very Strong	Up	Up	Up	16.69%
Dec 27	A	Very Strong	Up	Up	Up	17.09%