Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Large Decline in Short Interest

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 64,506 shares, a decrease of 47.2% from the May 14th total of 122,185 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 145,535 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PGF. Signal Advisors Wealth LLC grew its stake in shares of Invesco Financial Preferred ETF by 14.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 244,105 shares of the exchange traded fund’s stock worth $3,452,000 after purchasing an additional 30,016 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of Invesco Financial Preferred ETF by 1.6% in the fourth quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock worth $1,204,000 after purchasing an additional 1,341 shares in the last quarter. Investors Research Corp grew its stake in shares of Invesco Financial Preferred ETF by 8.7% in the fourth quarter. Investors Research Corp now owns 322,794 shares of the exchange traded fund’s stock worth $4,564,000 after purchasing an additional 25,710 shares in the last quarter. City Center Advisors LLC grew its stake in shares of Invesco Financial Preferred ETF by 14.5% in the fourth quarter. City Center Advisors LLC now owns 12,255 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Rosenblum Silverman Sutton S F Inc. CA grew its stake in shares of Invesco Financial Preferred ETF by 26.6% in the third quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 73,265 shares of the exchange traded fund’s stock worth $1,071,000 after purchasing an additional 15,415 shares in the last quarter.

Invesco Financial Preferred ETF Price Performance

PGF traded down $0.01 during trading on Friday, reaching $13.76. 77,542 shares of the company were exchanged, compared to its average volume of 144,559. The firm has a 50 day moving average of $13.93 and a 200 day moving average of $14.11. Invesco Financial Preferred ETF has a 52 week low of $13.66 and a 52 week high of $15.00.

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.