Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update

Invesco Preferred ETF (NYSEARCA:PGX) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 3,312,389 shares, a drop of 18.4% from the March 31st total of 4,057,876 shares. Based on an average daily trading volume, of 3,201,024 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.9% of the shares of the stock are short sold.

Invesco Preferred ETF Trading Down 0.1%

PGX traded down $0.01 during trading on Friday, reaching $11.14. 1,454,249 shares of the company traded hands, compared to its average volume of 3,566,587. Invesco Preferred ETF has a 12-month low of $10.82 and a 12-month high of $11.92. The firm has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $11.30.

Institutional Investors Weigh In On Invesco Preferred ETF

Institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in shares of Invesco Preferred ETF in the third quarter valued at $29,000. Ransom Advisory Ltd purchased a new position in shares of Invesco Preferred ETF in the fourth quarter valued at $31,000. WealthShield Partners LLC grew its holdings in shares of Invesco Preferred ETF by 753.8% in the third quarter. WealthShield Partners LLC now owns 3,885 shares of the company’s stock valued at $45,000 after purchasing an additional 3,430 shares in the last quarter. First United Bank & Trust grew its holdings in shares of Invesco Preferred ETF by 32.1% in the first quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock valued at $47,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Bayban purchased a new position in shares of Invesco Preferred ETF in the fourth quarter valued at $52,000. 8.60% of the stock is owned by hedge funds and other institutional investors.

Invesco Preferred ETF Company Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.