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

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a large decrease in short interest during the month of 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 trading volume of 156,760 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 156,760 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PGF. Royal Bank of Canada boosted its position in Invesco Financial Preferred ETF by 1.8% during the 1st quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock worth $2,009,000 after buying an additional 2,460 shares during the period. Jane Street Group LLC raised its stake in shares of Invesco Financial Preferred ETF by 33.0% during the first quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after acquiring an additional 26,457 shares during the last quarter. Maripau Wealth Management LLC lifted its holdings in shares of Invesco Financial Preferred ETF by 50.6% during the second quarter. Maripau Wealth Management LLC now owns 58,141 shares of the exchange traded fund’s stock worth $823,000 after purchasing an additional 19,542 shares during the period. Rosenblum Silverman Sutton S F Inc. CA grew its stake in shares of Invesco Financial Preferred ETF by 13.6% in the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 57,850 shares of the exchange traded fund’s stock worth $816,000 after purchasing an additional 6,930 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Invesco Financial Preferred ETF by 26.0% in the second quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock worth $381,000 after purchasing an additional 5,574 shares during the last quarter.

Invesco Financial Preferred ETF Stock Performance

Shares of PGF stock opened at $14.06 on Monday. Invesco Financial Preferred ETF has a twelve month low of $13.61 and a twelve month high of $15.00. The stock’s fifty day simple moving average is $14.32 and its 200 day simple moving average is $14.40.

Invesco Financial Preferred ETF Cuts Dividend

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

About Invesco Financial Preferred ETF

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.