Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update

Invesco Preferred ETF (NYSEARCA:PGX) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,391,183 shares, an increase of 48.0% from the November 30th total of 4,318,307 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 3,682,290 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 3,682,290 shares, the short-interest ratio is currently 1.7 days. Approximately 1.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Invesco Preferred ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Triumph Capital Management purchased a new position in Invesco Preferred ETF during the 3rd quarter valued at $29,000. Allworth Financial LP boosted its stake in shares of Invesco Preferred ETF by 7.1% during the 3rd quarter. Allworth Financial LP now owns 3,050,046 shares of the company’s stock valued at $35,381,000 after purchasing an additional 201,458 shares in the last quarter. IFP Advisors Inc increased its position in shares of Invesco Preferred ETF by 1.8% during the third quarter. IFP Advisors Inc now owns 201,490 shares of the company’s stock valued at $2,337,000 after buying an additional 3,535 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invesco Preferred ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,437,063 shares of the company’s stock worth $51,470,000 after acquiring an additional 298,013 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Invesco Preferred ETF during the third quarter valued at $1,456,000. Institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Stock Down 0.0%

NYSEARCA:PGX traded down $0.01 during mid-day trading on Monday, reaching $11.23. 3,567,838 shares of the company’s stock traded hands, compared to its average volume of 5,422,433. Invesco Preferred ETF has a 12-month low of $10.70 and a 12-month high of $11.92. The company has a 50 day moving average price of $11.35 and a 200-day moving average price of $11.40.

Invesco Preferred ETF Company Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.