Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Rises By 27.5%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 73,922 shares, an increase of 27.5% from the January 29th total of 57,956 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 119,138 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 119,138 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Invesco Financial Preferred ETF Stock Performance

NYSEARCA PGF opened at $14.35 on Thursday. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00. The stock’s 50-day moving average price is $14.32 and its two-hundred day moving average price is $14.41.

Invesco Financial Preferred ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.0644 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PGF. Nvwm LLC bought a new stake in shares of Invesco Financial Preferred ETF in the 2nd quarter worth about $34,000. Flagship Harbor Advisors LLC bought a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter valued at approximately $40,000. Motiv8 Investments LLC bought a new stake in shares of Invesco Financial Preferred ETF during the fourth quarter worth $99,000. Advisory Services Network LLC acquired a new position in Invesco Financial Preferred ETF during the 3rd quarter valued at about $121,000. Finally, Arax Advisory Partners bought a new position in Invesco Financial Preferred ETF in the fourth quarter valued at approximately $123,000.

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.