Invesco Financial Preferred ETF (NYSEARCA:PGF) Shares Shorted: Short Interest Up 57.4% in September

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 170,142 shares, a growth of 57.4% from the September 15th total of 108,082 shares. Based on an average trading volume of 327,907 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Invesco Financial Preferred ETF Price Performance

Shares of NYSEARCA:PGF traded up $0.01 during midday trading on Friday, hitting $12.80. 189,752 shares of the stock were exchanged, compared to its average volume of 171,033. Invesco Financial Preferred ETF has a 52-week low of $12.55 and a 52-week high of $14.67. The business’s fifty day simple moving average is $13.15 and its two-hundred day simple moving average is $13.58.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cim LLC grew its position in shares of Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock valued at $392,000 after purchasing an additional 969 shares during the period. HF Advisory Group LLC increased its stake in Invesco Financial Preferred ETF by 6.7% during the 2nd quarter. HF Advisory Group LLC now owns 25,438 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 1,589 shares in the last quarter. City Center Advisors LLC raised its holdings in Invesco Financial Preferred ETF by 13.9% during the 2nd quarter. City Center Advisors LLC now owns 14,393 shares of the exchange traded fund’s stock worth $197,000 after buying an additional 1,761 shares during the period. Compass Financial Management LLC acquired a new stake in Invesco Financial Preferred ETF during the 2nd quarter worth approximately $27,000. Finally, D.A. Davidson & CO. lifted its stake in Invesco Financial Preferred ETF by 4.1% in the first quarter. D.A. Davidson & CO. now owns 78,203 shares of the exchange traded fund’s stock valued at $1,076,000 after buying an additional 3,102 shares in the last quarter.

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.