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
Dec 28	F	Weak or Absent	Down	Down	Down	47.50%
Dec 27	F	Weak or Absent	Down	Down	Down	46.44%
Dec 23	F	Weak or Absent	Down	Down	Down	46.89%
Dec 22	F	Weak or Absent	Down	Down	Down	46.77%
Dec 21	F	Weak or Absent	Down	Down	Down	44.76%
Dec 20	F	Weak or Absent	Down	Down	Down	45.16%
Dec 19	D	Weak or Absent	Down	Down	Down	42.51%
Dec 16	D	Weak or Absent	Down	Down	Down	41.82%
Dec 15	D	Weak or Absent	Down	Flat	Down	40.10%
Dec 14	C	Weak or Absent	Down	Up	Down	38.78%