Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Declines By 31.1%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 64,444 shares, a decline of 31.1% from the November 30th total of 93,569 shares. Based on an average daily volume of 200,290 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 200,290 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Invesco Financial Preferred ETF in the second quarter valued at approximately $84,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Financial Preferred ETF by 10.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 52,779 shares of the exchange traded fund’s stock valued at $755,000 after purchasing an additional 4,858 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in shares of Invesco Financial Preferred ETF by 1.6% in the 2nd quarter. Magnus Financial Group LLC now owns 82,509 shares of the exchange traded fund’s stock valued at $1,164,000 after purchasing an additional 1,263 shares during the last quarter. Rogco LP grew its stake in shares of Invesco Financial Preferred ETF by 147.7% during the 2nd quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 2,158 shares during the period. Finally, Signal Advisors Wealth LLC grew its stake in shares of Invesco Financial Preferred ETF by 73.8% during the 2nd quarter. Signal Advisors Wealth LLC now owns 177,919 shares of the exchange traded fund’s stock valued at $2,510,000 after buying an additional 75,558 shares during the period.

Invesco Financial Preferred ETF Stock Down 0.2%

PGF traded down $0.03 on Monday, reaching $14.11. The stock had a trading volume of 402,584 shares, compared to its average volume of 183,812. Invesco Financial Preferred ETF has a 12-month low of $13.61 and a 12-month high of $15.00. The business’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $14.38.

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.