Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Expands By 88.6%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 121,678 shares, an increase of 88.6% from the May 31st total of 64,506 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 159,012 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Invesco Financial Preferred ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in Invesco Financial Preferred ETF in the 4th quarter valued at $40,000. Bayban acquired a new position in Invesco Financial Preferred ETF during the 4th quarter worth $55,000. Motiv8 Investments LLC bought a new stake in Invesco Financial Preferred ETF during the fourth quarter valued at about $99,000. Cassaday & Co Wealth Management LLC bought a new stake in Invesco Financial Preferred ETF during the first quarter valued at about $100,000. Finally, Advisory Services Network LLC bought a new stake in Invesco Financial Preferred ETF during the third quarter valued at about $121,000.

Invesco Financial Preferred ETF Stock Up 0.2%

Shares of PGF stock traded up $0.03 during trading on Wednesday, reaching $13.74. The company had a trading volume of 79,934 shares, compared to its average volume of 145,907. The firm’s 50 day simple moving average is $13.86 and its two-hundred day simple moving average is $14.08. Invesco Financial Preferred ETF has a one year low of $13.61 and a one year high of $15.00.

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.