Invesco Financial Preferred ETF (NYSEARCA:PGF – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 154,071 shares, a growth of 239.5% from the July 30th total of 45,388 shares. Based on an average daily volume of 169,749 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.
Invesco Financial Preferred ETF Stock Down 0.3%
NYSEARCA:PGF opened at $13.46 on Thursday. The company has a 50 day simple moving average of $13.62 and a two-hundred day simple moving average of $13.89. Invesco Financial Preferred ETF has a 12 month low of $13.34 and a 12 month high of $15.00.
Institutional Trading of Invesco Financial Preferred ETF
Large investors have recently modified their holdings of the company. North Star Investment Management Corp. lifted its holdings in Invesco Financial Preferred ETF by 19.0% in the first 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. Fifth Third Bancorp bought a new stake in shares of Invesco Financial Preferred ETF during the 1st quarter valued at about $1,021,000. D.A. Davidson & CO. increased its position in shares of Invesco Financial Preferred ETF by 4.1% during the 1st quarter. D.A. Davidson & CO. now owns 78,203 shares of the exchange traded fund’s stock valued at $1,076,000 after purchasing an additional 3,102 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Invesco Financial Preferred ETF by 18.6% in the 1st quarter. International Assets Investment Management LLC now owns 65,378 shares of the exchange traded fund’s stock worth $905,000 after purchasing an additional 10,237 shares during the period. Finally, Keudell Morrison Wealth Management purchased a new position in shares of Invesco Financial Preferred ETF in the first quarter worth approximately $210,000.
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.
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