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
Aug 16	B	Weak or Absent	Up	Up	Down	28.92%
Aug 15	B	Weak or Absent	Up	Up	Down	28.78%
Aug 14	B	Weak or Absent	Up	Up	Flat	27.74%
Aug 11	B	Weak or Absent	Up	Up	Flat	27.61%
Aug 10	B	Weak or Absent	Up	Up	Flat	27.87%
Aug 9	B	Weak or Absent	Up	Up	Flat	27.74%
Aug 8	A	Strong	Up	Up	Flat	27.42%
Aug 7	C	Strong	Up	Up	Flat	27.61%
Aug 4	C	Strong	Up	Up	Flat	27.61%
Aug 3	C	Strong	Up	Up	Down	28.65%