Invesco Financial Preferred ETF (NYSEARCA:PGF) Short Interest Down 58.5% in June

Invesco Financial Preferred ETF (NYSEARCA:PGF) 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 stock are sold short. Based on an average trading volume of 133,314 shares, the short-interest ratio is presently 0.4 days.

Invesco Financial Preferred ETF Price Performance

Invesco Financial Preferred ETF stock traded up $0.04 during midday trading on Wednesday, hitting $13.74. The company’s stock had a trading volume of 112,974 shares, compared to its average volume of 143,978. Invesco Financial Preferred ETF has a 12 month low of $13.61 and a 12 month high of $15.00. The stock’s 50-day moving average price is $13.80 and its 200-day moving average price is $14.04.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF during the 4th quarter worth about $40,000. Bayban bought a new position in Invesco Financial Preferred ETF during the fourth quarter worth $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. Cassaday & Co Wealth Management LLC acquired a new position in Invesco Financial Preferred ETF in the 1st quarter valued at approximately $100,000. Finally, Advisory Services Network LLC bought a new position in Invesco Financial Preferred ETF in the third quarter worth $121,000.

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.