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

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 154,071 shares, an increase of 239.5% from the July 30th total of 45,388 shares. Based on an average trading volume of 169,749 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

Invesco Financial Preferred ETF Trading Down 0.2%

Shares of PGF opened at $13.44 on Friday. Invesco Financial Preferred ETF has a fifty-two week low of $13.34 and a fifty-two week high of $15.00. The stock has a fifty day moving average of $13.60 and a two-hundred day moving average of $13.88.

Institutional Trading of Invesco Financial Preferred ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter valued at about $27,000. Bayban acquired a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter worth approximately $55,000. Motiv8 Investments LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the fourth quarter worth approximately $99,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco Financial Preferred ETF in the first quarter valued at approximately $100,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco Financial Preferred ETF in the third quarter valued at approximately $121,000.

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.