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

by · The Cerbat Gem

Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 89,745 shares, a drop of 41.8% from the August 15th total of 154,071 shares. Based on an average daily volume of 214,294 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Invesco Financial Preferred ETF Stock Performance

PGF stock traded up $0.09 during midday trading on Wednesday, reaching $13.18. 383,240 shares of the company’s stock traded hands, compared to its average volume of 155,424. The firm’s fifty day moving average price is $13.48 and its 200-day moving average price is $13.77. Invesco Financial Preferred ETF has a 52 week low of $13.01 and a 52 week high of $15.00.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Financial Preferred ETF in the second quarter worth approximately $89,000. Citadel Advisors LLC bought a new position in Invesco Financial Preferred ETF during the 2nd quarter valued at $844,000. Ameritas Advisory Services LLC purchased a new position in Invesco Financial Preferred ETF during the 2nd quarter worth $261,000. Compass Financial Management LLC purchased a new position in Invesco Financial Preferred ETF during the 2nd quarter worth $27,000. Finally, Lord & Richards Wealth Management LLC lifted its position in shares of Invesco Financial Preferred ETF by 7.1% during the second quarter. Lord & Richards Wealth Management LLC now owns 90,368 shares of the exchange traded fund’s stock valued at $1,239,000 after purchasing an additional 5,995 shares in the last quarter.

Invesco Financial Preferred ETF Company Profile

(Get Free Report)

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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