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 13	C	Weak or Absent	Down	Flat	Down	39.22%
Dec 12	D	Weak or Absent	Down	Down	Down	41.44%
Dec 9	D	Weak or Absent	Down	Down	Down	40.84%
Dec 8	C	Weak or Absent	Down	Up	Down	38.13%
Dec 7	B	Weak or Absent	Down	Up	Flat	36.92%
Dec 6	B	Weak or Absent	Down	Up	Flat	36.85%
Dec 5	C	Weak or Absent	Down	Up	Up	36.42%
Dec 2	C	Weak or Absent	Down	Up	Up	34.49%
Dec 1	C	Weak or Absent	Down	Up	Up	34.42%
Nov 30	C	Weak or Absent	Down	Up	Up	36.36%