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 1	A	Weak or Absent	Up	Up	Flat	7.14%
Jul 31	A	Weak or Absent	Up	Up	Flat	7.30%
Jul 30	B	Weak or Absent	Up	Up	Flat	7.55%
Jul 29	A	Weak or Absent	Up	Up	Flat	7.19%
Jul 26	B	Weak or Absent	Up	Up	Flat	7.34%
Jul 25	A	Weak or Absent	Up	Up	Down	7.80%
Jul 24	A	Weak or Absent	Up	Up	Down	8.20%
Jul 23	B	Weak or Absent	Up	Up	Flat	7.60%
Jul 22	B	Weak or Absent	Up	Up	Flat	7.24%
Jul 19	A	Weak or Absent	Up	Up	Flat	7.04%