Invesco Financial Preferred ETF (NYSEARCA:PGF) Short Interest Update

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 50,528 shares, a decrease of 58.5% from the June 15th total of 121,678 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 133,314 shares, the short-interest ratio is currently 0.4 days.

Invesco Financial Preferred ETF Price Performance

NYSEARCA:PGF traded up $0.01 during mid-day trading on Tuesday, reaching $13.71. The stock had a trading volume of 92,788 shares, compared to its average volume of 144,173. Invesco Financial Preferred ETF has a twelve month low of $13.61 and a twelve month high of $15.00. The business has a 50 day simple moving average of $13.81 and a 200 day simple moving average of $14.05.

Institutional Trading of Invesco Financial Preferred ETF

Several hedge funds have recently modified their holdings of the business. Cim LLC grew its holdings in Invesco Financial Preferred ETF by 3.5% during the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 969 shares during the period. Private Trust Co. NA boosted its position in shares of Invesco Financial Preferred ETF by 11.4% during the 4th quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after purchasing an additional 1,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Financial Preferred ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after purchasing an additional 1,334 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of Invesco Financial Preferred ETF by 1.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 1,341 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Invesco Financial Preferred ETF by 6.5% during the 4th quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock worth $356,000 after purchasing an additional 1,540 shares during the period.

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.