Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Expands By 48.0%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 95,351 shares, an increase of 48.0% from the December 15th total of 64,444 shares. Based on an average daily trading volume, of 445,861 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 445,861 shares, the days-to-cover ratio is currently 0.2 days.

Invesco Financial Preferred ETF Stock Performance

Invesco Financial Preferred ETF stock remained flat at $14.40 during trading hours on Friday. The company’s stock had a trading volume of 151,868 shares, compared to its average volume of 323,997. The business has a 50 day moving average of $14.22 and a 200 day moving average of $14.39. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several large investors have recently added to or reduced their stakes in the business. Nvwm LLC bought a new position in shares of Invesco Financial Preferred ETF during the 2nd quarter worth approximately $34,000. Motco purchased a new stake in shares of Invesco Financial Preferred ETF during the second quarter valued at approximately $39,000. Rogco LP increased its position in shares of Invesco Financial Preferred ETF by 147.7% during the second quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 2,158 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Invesco Financial Preferred ETF during the second quarter worth $84,000. Finally, Advisory Services Network LLC purchased a new position in Invesco Financial Preferred ETF in the third quarter worth $121,000.

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.