Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Increases By 42.7%

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 57,956 shares, an increase of 42.7% from the January 15th total of 40,604 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 131,953 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 131,953 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Invesco Financial Preferred ETF Trading Up 0.4%

Shares of NYSEARCA:PGF opened at $14.40 on Friday. Invesco Financial Preferred ETF has a 52-week low of $13.61 and a 52-week high of $15.00. The business’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $14.41.

Invesco Financial Preferred ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a dividend of $0.0818 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. This is an increase from Invesco Financial Preferred ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of large investors have recently added to or reduced their stakes in PGF. UBS Group AG boosted its holdings in shares of Invesco Financial Preferred ETF by 26.0% in the 3rd quarter. UBS Group AG now owns 1,401,504 shares of the exchange traded fund’s stock worth $20,490,000 after purchasing an additional 289,564 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA raised its holdings in shares of Invesco Financial Preferred ETF by 112.0% during the 4th quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 155,290 shares of the exchange traded fund’s stock valued at $2,196,000 after buying an additional 82,025 shares in the last quarter. Bank of America Corp DE lifted its position in Invesco Financial Preferred ETF by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock worth $9,540,000 after buying an additional 65,309 shares during the last quarter. Comerica Bank boosted its stake in Invesco Financial Preferred ETF by 189.5% in the third quarter. Comerica Bank now owns 78,456 shares of the exchange traded fund’s stock worth $1,147,000 after buying an additional 51,360 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC boosted its stake in Invesco Financial Preferred ETF by 127.5% in the second quarter. Lord & Richards Wealth Management LLC now owns 83,216 shares of the exchange traded fund’s stock worth $1,174,000 after buying an additional 46,636 shares in the last quarter.

Invesco Financial Preferred ETF Company Profile

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.