Invesco Financial Preferred ETF (NYSEARCA:PGF) Short Interest Down 41.8% in August

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 89,745 shares, a drop of 41.8% from the August 15th total of 154,071 shares. Based on an average daily volume of 214,294 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of Invesco Financial Preferred ETF during the first quarter worth about $1,021,000. Citadel Advisors LLC purchased a new stake in shares of Invesco Financial Preferred ETF in the 2nd quarter valued at about $844,000. North Star Investment Management Corp. lifted its holdings in shares of Invesco Financial Preferred ETF by 19.0% in the 1st quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock valued at $4,378,000 after purchasing an additional 50,749 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Invesco Financial Preferred ETF by 26.3% in the 1st quarter. Sanctuary Advisors LLC now owns 137,029 shares of the exchange traded fund’s stock valued at $1,886,000 after purchasing an additional 28,518 shares during the period. Finally, Investors Research Corp boosted its position in shares of Invesco Financial Preferred ETF by 7.4% in the 2nd quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after purchasing an additional 26,222 shares during the period.

Invesco Financial Preferred ETF Stock Up 0.4%

Shares of NYSEARCA:PGF traded up $0.05 during trading on Thursday, hitting $13.23. 310,291 shares of the company were exchanged, compared to its average volume of 156,294. Invesco Financial Preferred ETF has a 12-month low of $13.01 and a 12-month high of $14.93. The firm’s 50 day moving average price is $13.47 and its 200-day moving average price is $13.76.

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.