Invesco Financial Preferred ETF (NYSEARCA:PGF) Stock Short Interest Rises 57.4%

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 170,142 shares, an increase of 57.4% from the September 15th total of 108,082 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 327,907 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Financial Preferred ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Investors Research Corp raised its position in Invesco Financial Preferred ETF by 8.7% during the third quarter. Investors Research Corp now owns 411,899 shares of the exchange traded fund’s stock worth $5,248,000 after acquiring an additional 32,958 shares in the last quarter. North Star Investment Management Corp. grew its position in shares of Invesco Financial Preferred ETF by 19.0% in the 1st 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. Signal Advisors Wealth LLC grew its position in shares of Invesco Financial Preferred ETF by 11.1% in the 3rd quarter. Signal Advisors Wealth LLC now owns 335,987 shares of the exchange traded fund’s stock valued at $4,280,000 after acquiring an additional 33,485 shares during the period. Sterneck Capital Management LLC grew its position in shares of Invesco Financial Preferred ETF by 5.8% in the 1st quarter. Sterneck Capital Management LLC now owns 143,954 shares of the exchange traded fund’s stock valued at $1,981,000 after acquiring an additional 7,920 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in shares of Invesco Financial Preferred ETF by 26.3% during the 1st quarter. Sanctuary Advisors LLC now owns 137,029 shares of the exchange traded fund’s stock worth $1,886,000 after purchasing an additional 28,518 shares during the last quarter.

Invesco Financial Preferred ETF Stock Up 0.0%

Shares of NYSEARCA:PGF traded up $0.01 during trading on Friday, hitting $12.80. 189,752 shares of the company were exchanged, compared to its average volume of 171,033. Invesco Financial Preferred ETF has a fifty-two week low of $12.55 and a fifty-two week high of $14.67. The firm has a fifty day moving average price of $13.15 and a two-hundred day moving average price of $13.58.

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.