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

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 95,351 shares, a growth 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. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares 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

Shares of PGF stock remained flat at $14.40 during mid-day trading on Friday. 151,868 shares of the stock were exchanged, compared to its average volume of 323,997. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00. The firm’s 50 day simple moving average is $14.22 and its 200-day simple moving average is $14.39.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several institutional investors have recently modified their holdings of the business. HF Advisory Group LLC lifted its stake in shares of Invesco Financial Preferred ETF by 4.7% in the 2nd quarter. HF Advisory Group LLC now owns 21,079 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 938 shares during the period. Field & Main Bank increased its holdings in Invesco Financial Preferred ETF by 1.1% during the third quarter. Field & Main Bank now owns 108,008 shares of the exchange traded fund’s stock valued at $1,579,000 after buying an additional 1,156 shares during the last quarter. Magnus Financial Group LLC raised its position in Invesco Financial Preferred ETF by 1.6% in the second quarter. Magnus Financial Group LLC now owns 82,509 shares of the exchange traded fund’s stock worth $1,164,000 after acquiring an additional 1,263 shares during the period. Wealthcare Advisory Partners LLC raised its position in Invesco Financial Preferred ETF by 4.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 31,344 shares of the exchange traded fund’s stock worth $458,000 after acquiring an additional 1,350 shares during the period. Finally, City Center Advisors LLC boosted its stake in shares of Invesco Financial Preferred ETF by 14.5% during the 4th quarter. City Center Advisors LLC now owns 12,255 shares of the exchange traded fund’s stock worth $173,000 after acquiring an additional 1,556 shares during the last quarter.

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.