Invesco Preferred ETF (NYSEARCA:PGX) Short Interest Update

Invesco Preferred ETF (NYSEARCA:PGX) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 8,824,896 shares, a growth of 38.1% from the December 15th total of 6,391,183 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 3,862,587 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 3,862,587 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.5% of the company’s shares are sold short.

Institutional Trading of Invesco Preferred ETF

Large investors have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Invesco Preferred ETF during the 4th quarter worth $626,000. Goldman Sachs Group Inc. grew its position in shares of Invesco Preferred ETF by 57.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,874,427 shares of the company’s stock worth $21,031,000 after buying an additional 683,754 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Invesco Preferred ETF by 181.6% during the first quarter. Jane Street Group LLC now owns 420,120 shares of the company’s stock valued at $4,714,000 after buying an additional 270,939 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Invesco Preferred ETF during the second quarter valued at $4,964,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Invesco Preferred ETF in the second quarter valued at about $420,000. Hedge funds and other institutional investors own 8.60% of the company’s stock.

Invesco Preferred ETF Price Performance

PGX stock remained flat at $11.43 during trading on Friday. 5,667,172 shares of the company traded hands, compared to its average volume of 6,423,733. Invesco Preferred ETF has a 52 week low of $10.70 and a 52 week high of $11.92. The firm has a 50-day moving average of $11.30 and a 200 day moving average of $11.42.

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.