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 27	B	Strong	Up	Up	Up	26.23%
Jan 26	B	Strong	Flat	Up	Up	27.14%
Jan 25	C	Strong	Down	Up	Up	28.80%
Jan 24	C	Strong	Down	Up	Up	28.49%
Jan 23	C	Strong	Down	Up	Up	28.55%
Jan 20	C	Strong	Down	Up	Up	30.26%
Jan 19	C	Strong	Down	Up	Up	29.43%
Jan 18	C	Strong	Down	Up	Up	30.00%
Jan 17	C	Strong	Down	Up	Up	29.75%
Jan 13	C	Strong	Down	Up	Up	31.94%