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

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant drop in short interest during 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. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 214,294 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. grew its position in shares of Invesco Financial Preferred ETF by 19.0% during the 1st quarter. North Star Investment Management Corp. now owns 318,191 shares of the exchange traded fund’s stock valued at $4,378,000 after acquiring an additional 50,749 shares during the period. Citadel Advisors LLC bought a new position in Invesco Financial Preferred ETF during the second quarter worth about $844,000. Fifth Third Bancorp bought a new position in shares of Invesco Financial Preferred ETF in the first quarter worth $1,021,000. International Assets Investment Management LLC grew its holdings in Invesco Financial Preferred ETF by 18.6% during the 1st quarter. International Assets Investment Management LLC now owns 65,378 shares of the exchange traded fund’s stock valued at $905,000 after buying an additional 10,237 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco Financial Preferred ETF by 18.7% in the 1st quarter. Kestra Advisory Services LLC now owns 23,430 shares of the exchange traded fund’s stock valued at $322,000 after purchasing an additional 3,698 shares during the period.

Invesco Financial Preferred ETF Stock Up 0.7%

PGF stock traded up $0.09 during midday trading on Wednesday, hitting $13.18. The company’s stock had a trading volume of 383,240 shares, compared to its average volume of 155,424. The stock’s 50-day moving average price is $13.48 and its 200 day moving average price is $13.77. Invesco Financial Preferred ETF has a 1 year low of $13.01 and a 1 year high of $15.00.

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.