Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Drops By 15.0%

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 62,823 shares, a decrease of 15.0% from the February 12th total of 73,922 shares. Based on an average daily volume of 156,760 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 156,760 shares, the short-interest ratio is presently 0.4 days.

Invesco Financial Preferred ETF Trading Down 0.8%

Shares of PGF stock opened at $14.06 on Monday. The stock has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $14.40. Invesco Financial Preferred ETF has a fifty-two week low of $13.61 and a fifty-two week high of $15.00.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.0644 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 5.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in Invesco Financial Preferred ETF in the fourth quarter worth $40,000. Bayban acquired a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $55,000. Motiv8 Investments LLC acquired a new position in shares of Invesco Financial Preferred ETF during the fourth quarter valued at about $99,000. Advisory Services Network LLC bought a new position in shares of Invesco Financial Preferred ETF during the 3rd quarter worth about $121,000. Finally, Arax Advisory Partners bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter worth about $123,000.

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.