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

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 154,071 shares, a growth of 239.5% from the July 30th total of 45,388 shares. Based on an average daily volume of 169,749 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are sold short.

Invesco Financial Preferred ETF Trading Down 0.4%

Shares of NYSEARCA PGF traded down $0.05 during midday trading on Friday, hitting $13.42. The company’s stock had a trading volume of 211,684 shares, compared to its average volume of 148,252. Invesco Financial Preferred ETF has a 12-month low of $13.34 and a 12-month high of $15.00. The business’s 50 day moving average is $13.61 and its two-hundred day moving average is $13.88.

Institutional Trading of Invesco Financial Preferred ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in Invesco Financial Preferred ETF during the 2nd quarter worth approximately $27,000. Bayban purchased a new position in Invesco Financial Preferred ETF during the 4th quarter worth $55,000. Motiv8 Investments LLC acquired a new stake in shares of Invesco Financial Preferred ETF in the 4th quarter worth $99,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco Financial Preferred ETF during the 1st quarter worth $100,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Invesco Financial Preferred ETF in the third quarter valued at about $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.