Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Increases By 38.7%

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 87,121 shares, an increase of 38.7% from the February 26th total of 62,823 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 120,682 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PGF. Bayban bought a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $55,000. Osaic Holdings Inc. grew its position in Invesco Financial Preferred ETF by 2.6% in the 4th quarter. Osaic Holdings Inc. now owns 91,438 shares of the exchange traded fund’s stock valued at $1,293,000 after buying an additional 2,307 shares in the last quarter. Private Advisor Group LLC increased its stake in Invesco Financial Preferred ETF by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 342,877 shares of the exchange traded fund’s stock valued at $4,848,000 after buying an additional 3,852 shares during the period. &PARTNERS acquired a new position in Invesco Financial Preferred ETF during the 4th quarter valued at about $924,000. Finally, Motiv8 Investments LLC bought a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter worth about $99,000.

Invesco Financial Preferred ETF Stock Performance

PGF stock traded down $0.01 on Monday, reaching $13.74. The company’s stock had a trading volume of 113,103 shares, compared to its average volume of 169,392. Invesco Financial Preferred ETF has a 52 week low of $13.61 and a 52 week high of $15.00. The firm has a fifty day moving average of $14.24 and a two-hundred day moving average of $14.35.

Invesco Financial Preferred ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.0644 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, February 23rd.

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.