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 22	D	Strong	Down	Flat	Up	39.73%
May 19	D	Strong	Down	Down	Up	40.57%
May 18	D	Strong	Down	Down	Up	41.07%
May 17	F	Strong	Down	Down	Up	42.00%
May 16	F	Strong	Down	Down	Down	44.37%
May 15	F	Strong	Down	Down	Flat	42.62%
May 12	F	Strong	Down	Down	Down	44.29%
May 11	F	Strong	Down	Down	Down	43.57%
May 10	F	Strong	Down	Down	Down	42.85%
May 9	F	Weak or Absent	Down	Down	Down	43.01%