Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Large Growth in Short Interest

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a significant increase in short interest in 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. Based on an average daily volume of 159,012 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in Invesco Financial Preferred ETF during the fourth quarter valued at approximately $40,000. Bayban acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter worth $55,000. Motiv8 Investments LLC acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter worth $99,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco Financial Preferred ETF during the first quarter worth $100,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco Financial Preferred ETF in the 3rd quarter valued at $121,000.

Invesco Financial Preferred ETF Stock Performance

NYSEARCA:PGF remained flat at $13.78 during mid-day trading on Friday. The company’s stock had a trading volume of 118,540 shares, compared to its average volume of 145,688. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00. The company has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $14.07.

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.