Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Significant Increase in Short Interest

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 109,244 shares, a growth of 41.0% from the March 31st total of 77,503 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 113,299 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Financial Preferred ETF Trading Up 0.6%

Invesco Financial Preferred ETF stock traded up $0.09 on Thursday, hitting $14.05. The company’s stock had a trading volume of 70,613 shares, compared to its average volume of 152,046. The company has a fifty day moving average price of $14.08 and a 200-day moving average price of $14.23. Invesco Financial Preferred ETF has a one year low of $13.70 and a one year high of $15.00.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently made changes to their positions in PGF. Royal Bank of Canada boosted its stake in shares of Invesco Financial Preferred ETF by 1.8% in the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after purchasing an additional 2,460 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco Financial Preferred ETF by 33.0% in the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after purchasing an additional 26,457 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Invesco Financial Preferred ETF by 26.0% in the 2nd quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 5,574 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco Financial Preferred ETF by 27.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock valued at $949,000 after purchasing an additional 14,517 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after purchasing an additional 65,309 shares in the last quarter.

About Invesco Financial Preferred ETF

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.