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

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 89,745 shares, a drop of 41.8% from the August 15th total of 154,071 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 214,294 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Invesco Financial Preferred ETF

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new position in shares of Invesco Financial Preferred ETF in the first quarter valued at $1,021,000. Citadel Advisors LLC bought a new stake in Invesco Financial Preferred ETF during the second quarter worth $844,000. North Star Investment Management Corp. lifted its stake in Invesco Financial Preferred ETF by 19.0% in the first quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock valued at $4,378,000 after acquiring an additional 50,749 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Invesco Financial Preferred ETF by 26.3% in the 1st quarter. Sanctuary Advisors LLC now owns 137,029 shares of the exchange traded fund’s stock valued at $1,886,000 after acquiring an additional 28,518 shares during the period. Finally, Investors Research Corp grew its position in shares of Invesco Financial Preferred ETF by 7.4% in the 2nd quarter. Investors Research Corp now owns 378,941 shares of the exchange traded fund’s stock valued at $5,195,000 after acquiring an additional 26,222 shares during the period.

Invesco Financial Preferred ETF Stock Up 0.4%

NYSEARCA PGF opened at $13.23 on Friday. Invesco Financial Preferred ETF has a one year low of $13.01 and a one year high of $14.93. The stock’s 50-day moving average is $13.47 and its 200-day moving average is $13.76.

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.