Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Large Drop in Short Interest

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 64,444 shares, a drop of 31.1% from the November 30th total of 93,569 shares. Based on an average trading volume of 200,290 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 200,290 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nvwm LLC purchased a new position in shares of Invesco Financial Preferred ETF in the 2nd quarter valued at $34,000. Motco acquired a new stake in Invesco Financial Preferred ETF in the 2nd quarter valued at $39,000. Rogco LP increased its holdings in Invesco Financial Preferred ETF by 147.7% in the 2nd quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 2,158 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Invesco Financial Preferred ETF in the second quarter valued at about $84,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco Financial Preferred ETF during the third quarter worth about $121,000.

Invesco Financial Preferred ETF Stock Performance

Shares of Invesco Financial Preferred ETF stock traded down $0.03 during trading hours on Monday, reaching $14.11. The stock had a trading volume of 402,584 shares, compared to its average volume of 183,812. The firm has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $14.38. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00.

Invesco Financial Preferred ETF Company Profile

PowerShares Financial Preferred Portfolio (the Fund) is a non-diversified fund. The Fund is based on the Wells Fargo Hybrid and Preferred Financial Index (WHPSF Financial Index) (the Index). The Index tracks the performance of the United States-listed securities issued by financial institutions. The Index is rebalanced monthly. The Fund normally invests at least 90% of its total assets in preferred securities that consists of the Index. The Fund may contain securities in the financial and insurance sectors.