Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Decreases By 57.4%

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 40,604 shares, a drop of 57.4% from the December 31st total of 95,351 shares. Based on an average trading volume of 341,262 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 341,262 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Financial Preferred ETF Stock Down 0.1%

PGF traded down $0.01 on Thursday, hitting $14.34. The company’s stock had a trading volume of 147,175 shares, compared to its average volume of 241,641. The company’s 50 day simple moving average is $14.23 and its 200-day simple moving average is $14.40. Invesco Financial Preferred ETF has a 12 month low of $13.61 and a 12 month high of $15.00.

Invesco Financial Preferred ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.0818 dividend. 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. The ex-dividend date was Tuesday, January 20th.

Institutional Trading of Invesco Financial Preferred ETF

A number of large investors have recently modified their holdings of PGF. Nvwm LLC bought a new stake in Invesco Financial Preferred ETF during the second quarter valued at approximately $34,000. Motco bought a new stake in Invesco Financial Preferred ETF during the second quarter worth about $39,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco Financial Preferred ETF during the 4th quarter valued at about $40,000. Rogco LP lifted its position in Invesco Financial Preferred ETF by 147.7% in the 2nd quarter. Rogco LP now owns 3,619 shares of the exchange traded fund’s stock worth $51,000 after buying an additional 2,158 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Invesco Financial Preferred ETF in the second quarter worth approximately $84,000.

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.