Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update

Invesco Preferred ETF (NYSEARCA:PGX) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 8,302,963 shares, a growth of 84.3% from the July 30th total of 4,506,048 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,917,008 shares, the short-interest ratio is presently 2.8 days.

Invesco Preferred ETF Stock Down 0.3%

Shares of PGX traded down $0.03 during trading hours on Monday, reaching $10.57. The stock had a trading volume of 8,495,803 shares, compared to its average volume of 3,250,860. Invesco Preferred ETF has a 12 month low of $10.53 and a 12 month high of $11.92. The company’s 50-day moving average is $10.75 and its two-hundred day moving average is $11.00.

Institutional Trading of Invesco Preferred ETF

A number of hedge funds have recently made changes to their positions in the company. Ibex Wealth Advisors raised its position in shares of Invesco Preferred ETF by 0.8% during the 1st quarter. Ibex Wealth Advisors now owns 121,097 shares of the company’s stock valued at $1,318,000 after buying an additional 909 shares in the last quarter. New England Private Wealth Advisors LLC increased its stake in Invesco Preferred ETF by 1.6% in the fourth quarter. New England Private Wealth Advisors LLC now owns 58,682 shares of the company’s stock valued at $660,000 after acquiring an additional 916 shares during the last quarter. Apella Capital LLC increased its stake in Invesco Preferred ETF by 5.0% in the first quarter. Apella Capital LLC now owns 19,507 shares of the company’s stock valued at $220,000 after acquiring an additional 929 shares during the last quarter. Balanced Wealth Group LLC raised its position in Invesco Preferred ETF by 2.4% during the first quarter. Balanced Wealth Group LLC now owns 41,237 shares of the company’s stock valued at $449,000 after purchasing an additional 965 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Invesco Preferred ETF by 6.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,192 shares of the company’s stock valued at $182,000 after purchasing an additional 1,046 shares in the last quarter. 8.60% of the stock is owned by institutional investors and hedge funds.

Invesco Preferred ETF Company Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.