Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 50,528 shares, a decrease of 58.5% from the June 15th total of 121,678 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 133,314 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Trading of Invesco Financial Preferred ETF
Several hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new position in Invesco Financial Preferred ETF in the 4th quarter worth approximately $40,000. Bayban purchased a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter worth $55,000. Motiv8 Investments LLC purchased a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter worth $99,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco Financial Preferred ETF in the first quarter worth $100,000. Finally, Advisory Services Network LLC bought a new position in shares of Invesco Financial Preferred ETF in the third quarter worth $121,000.
Invesco Financial Preferred ETF Stock Performance
Shares of Invesco Financial Preferred ETF stock opened at $13.74 on Thursday. Invesco Financial Preferred ETF has a 52-week low of $13.61 and a 52-week high of $15.00. The stock’s 50-day simple moving average is $13.80 and its 200 day simple moving average is $14.04.
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.
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