Invesco Financial Preferred ETF (NYSEARCA:PGF) Short Interest Up 88.6% in June

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 121,678 shares, a growth of 88.6% from the May 31st total of 64,506 shares. Based on an average daily volume of 159,012 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Invesco Financial Preferred ETF Stock Up 0.3%

NYSEARCA PGF traded up $0.04 during mid-day trading on Thursday, reaching $13.78. 118,540 shares of the stock were exchanged, compared to its average volume of 145,688. Invesco Financial Preferred ETF has a 1-year low of $13.61 and a 1-year high of $15.00. The business’s fifty day simple moving average is $13.85 and its 200 day simple moving average is $14.07.

Institutional Trading of Invesco Financial Preferred ETF

Several institutional investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $40,000. Bayban acquired a new stake in Invesco Financial Preferred ETF during the 4th quarter valued at $55,000. Motiv8 Investments LLC acquired a new stake in Invesco Financial Preferred ETF during the 4th quarter valued at $99,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco Financial Preferred ETF during the 1st quarter worth $100,000. Finally, Advisory Services Network LLC purchased a new stake in Invesco Financial Preferred ETF during the 3rd quarter worth $121,000.

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.