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
Nov 9	B	Strong	Up	Up	Up	29.37%
Nov 8	B	Strong	Up	Up	Up	28.09%
Nov 7	B	Strong	Up	Up	Up	28.56%
Nov 6	B	Strong	Up	Up	Up	28.43%
Nov 3	A	Strong	Up	Up	Up	26.90%
Nov 2	A	Strong	Up	Up	Up	29.10%
Nov 1	B	Strong	Up	Down	Up	30.97%
Oct 31	B	Strong	Down	Down	Up	33.83%
Oct 30	C	Strong	Down	Down	Down	35.83%
Oct 27	B	Strong	Down	Down	Down	36.13%