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

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 95,351 shares, an increase of 48.0% from the December 15th total of 64,444 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 445,861 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 445,861 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its stake in shares of Invesco Financial Preferred ETF by 26.0% during the third quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock worth $20,490,000 after purchasing an additional 289,564 shares during the period. Signal Advisors Wealth LLC boosted its holdings in Invesco Financial Preferred ETF by 73.8% during the second quarter. Signal Advisors Wealth LLC now owns 177,919 shares of the exchange traded fund’s stock worth $2,510,000 after buying an additional 75,558 shares during the last quarter. Bank of America Corp DE grew its position in shares of Invesco Financial Preferred ETF by 10.7% during the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock worth $9,540,000 after buying an additional 65,309 shares during the period. Comerica Bank grew its position in shares of Invesco Financial Preferred ETF by 189.5% during the 3rd quarter. Comerica Bank now owns 78,456 shares of the exchange traded fund’s stock worth $1,147,000 after buying an additional 51,360 shares during the period. Finally, Lord & Richards Wealth Management LLC increased its stake in shares of Invesco Financial Preferred ETF by 127.5% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 83,216 shares of the exchange traded fund’s stock valued at $1,174,000 after acquiring an additional 46,636 shares during the last quarter.

Invesco Financial Preferred ETF Stock Performance

PGF stock remained flat at $14.40 during midday trading on Friday. 151,868 shares of the company’s stock were exchanged, compared to its average volume of 323,997. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00. The stock’s 50 day moving average price is $14.22 and its 200-day moving average price is $14.39.

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.