Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update

Invesco Preferred ETF (NYSEARCA:PGX) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 6,391,183 shares, an increase of 48.0% from the November 30th total of 4,318,307 shares. Based on an average daily volume of 3,682,290 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.9% of the shares of the company are short sold. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 3,682,290 shares, the days-to-cover ratio is currently 1.7 days.

Invesco Preferred ETF Stock Up 0.0%

NYSEARCA:PGX traded up $0.01 during mid-day trading on Wednesday, reaching $11.25. The company’s stock had a trading volume of 2,511,468 shares, compared to its average volume of 5,406,171. Invesco Preferred ETF has a twelve month low of $10.70 and a twelve month high of $11.92. The company’s fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $11.40.

Institutional Investors Weigh In On Invesco Preferred ETF

Large investors have recently modified their holdings of the stock. Triumph Capital Management acquired a new position in shares of Invesco Preferred ETF during the 3rd quarter valued at about $29,000. Allworth Financial LP lifted its position in Invesco Preferred ETF by 7.1% in the third quarter. Allworth Financial LP now owns 3,050,046 shares of the company’s stock worth $35,381,000 after purchasing an additional 201,458 shares during the period. IFP Advisors Inc increased its holdings in Invesco Preferred ETF by 1.8% in the 3rd quarter. IFP Advisors Inc now owns 201,490 shares of the company’s stock valued at $2,337,000 after buying an additional 3,535 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Invesco Preferred ETF by 7.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,437,063 shares of the company’s stock valued at $51,470,000 after buying an additional 298,013 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Invesco Preferred ETF during the third quarter worth $1,456,000. 8.60% of the stock is owned by institutional investors.

About Invesco Preferred ETF

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.