Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Expands By 88.6%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 121,678 shares, a growth of 88.6% from the May 31st total of 64,506 shares. Based on an average daily volume of 159,012 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Financial Preferred ETF Price Performance

NYSEARCA:PGF traded up $0.03 during mid-day trading on Wednesday, hitting $13.74. 79,934 shares of the company’s stock traded hands, compared to its average volume of 145,907. The firm has a 50 day moving average of $13.86 and a two-hundred day moving average of $14.08. Invesco Financial Preferred ETF has a 12 month low of $13.61 and a 12 month high of $15.00.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

Several hedge funds have recently modified their holdings of PGF. Cim LLC grew its stake in shares of Invesco Financial Preferred ETF by 3.5% in the first quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after acquiring an additional 969 shares during the last quarter. Private Trust Co. NA increased its position in Invesco Financial Preferred ETF by 11.4% during the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock worth $178,000 after acquiring an additional 1,290 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Invesco Financial Preferred ETF by 10.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 1,334 shares during the period. Magnus Financial Group LLC raised its stake in Invesco Financial Preferred ETF by 1.6% during the 4th quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock valued at $1,204,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Invesco Financial Preferred ETF by 6.5% during the 4th quarter. Truist Financial Corp now owns 25,177 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 1,540 shares during the last quarter.

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.