Invesco Financial Preferred ETF (NYSEARCA:PGF) Short Interest Update

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 50,528 shares, a decrease of 58.5% from the June 15th total of 121,678 shares. Based on an average daily trading volume, of 133,314 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Invesco Financial Preferred ETF Trading Up 0.1%

Invesco Financial Preferred ETF stock traded up $0.01 during mid-day trading on Tuesday, reaching $13.71. The company had a trading volume of 92,788 shares, compared to its average volume of 144,173. The stock’s 50-day simple moving average is $13.81 and its 200-day simple moving average is $14.05. Invesco Financial Preferred ETF has a 1 year low of $13.61 and a 1 year high of $15.00.

Institutional Trading of Invesco Financial Preferred ETF

A number of institutional investors have recently bought and sold shares of PGF. Royal Bank of Canada increased its position in shares of Invesco Financial Preferred ETF by 1.8% in the first quarter. Royal Bank of Canada now owns 140,584 shares of the exchange traded fund’s stock valued at $2,009,000 after buying an additional 2,460 shares in the last quarter. Jane Street Group LLC grew its stake in Invesco Financial Preferred ETF by 33.0% in the 1st quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock valued at $1,522,000 after acquiring an additional 26,457 shares during the last quarter. NewEdge Advisors LLC grew its stake in Invesco Financial Preferred ETF by 26.0% in the 2nd quarter. NewEdge Advisors LLC now owns 26,979 shares of the exchange traded fund’s stock valued at $381,000 after acquiring an additional 5,574 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Invesco Financial Preferred ETF by 27.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 67,225 shares of the exchange traded fund’s stock valued at $949,000 after acquiring an additional 14,517 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Invesco Financial Preferred ETF by 10.7% during the 2nd quarter. Bank of America Corp DE now owns 676,150 shares of the exchange traded fund’s stock valued at $9,540,000 after acquiring an additional 65,309 shares in the last quarter.

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.