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

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 64,444 shares, a drop 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. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 200,290 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Financial Preferred ETF Stock Performance

PGF traded up $0.03 during trading on Tuesday, hitting $14.14. 319,731 shares of the company’s stock were exchanged, compared to its average volume of 184,358. The business’s 50 day moving average is $14.27 and its two-hundred day moving average is $14.38. Invesco Financial Preferred ETF has a fifty-two week low of $13.61 and a fifty-two week high of $15.00.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Large investors have recently added to or reduced their stakes in the business. HF Advisory Group LLC increased its holdings in Invesco Financial Preferred ETF by 4.7% during 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 in the last quarter. Field & Main Bank boosted its position in shares of 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 grew its holdings in Invesco Financial Preferred ETF by 1.6% during the second quarter. Magnus Financial Group LLC now owns 82,509 shares of the exchange traded fund’s stock worth $1,164,000 after buying an additional 1,263 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Invesco Financial Preferred ETF by 4.5% during the third quarter. Wealthcare Advisory Partners LLC now owns 31,344 shares of the exchange traded fund’s stock worth $458,000 after buying an additional 1,350 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Invesco Financial Preferred ETF by 7.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 24,549 shares of the exchange traded fund’s stock valued at $359,000 after buying an additional 1,689 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.