PREFERRED STOCK ETF AND INVESTOR ATTENTION

This research tests market efficiency of assets by analyzing the effect of investor attention proxied byGoogle Trends Search on Preferred stock ETFs.This study employs a range of statistical models to examine the short-term and long-term relationship between preferred stock ETFs and investor attention, including the bivariate linear granger causality model and the Johansen cointegration technique.The findings of this study indicate that there is neither short-term causality nor long-term cointegration between preferred stock ETFs and investor attention.This underscores the efficiency of the market pertaining to these assets and the incorporation of information into the pricing of these Preferred stock ETFs.These findings are valuable to the investors and other stock market participants, illustrating the impact of Google Trends Search on the stock market.