Short Interest in Invesco Financial Preferred ETF (NYSEARCA:PGF) Decreases By 47.2%

Invesco Financial Preferred ETF (NYSEARCA:PGF) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 64,506 shares, a decline of 47.2% from the May 14th total of 122,185 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 145,535 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Financial Preferred ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Cim LLC boosted its holdings in Invesco Financial Preferred ETF by 3.5% in the 1st quarter. Cim LLC now owns 28,491 shares of the exchange traded fund’s stock worth $392,000 after buying an additional 969 shares during the period. Private Trust Co. NA raised its holdings in Invesco Financial Preferred ETF by 11.4% during the fourth quarter. Private Trust Co. NA now owns 12,620 shares of the exchange traded fund’s stock valued at $178,000 after acquiring an additional 1,290 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Financial Preferred ETF by 10.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,479 shares of the exchange traded fund’s stock valued at $205,000 after acquiring an additional 1,334 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Invesco Financial Preferred ETF by 1.6% in the fourth quarter. Magnus Financial Group LLC now owns 85,144 shares of the exchange traded fund’s stock valued at $1,204,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Invesco Financial Preferred ETF by 4.5% in the third quarter. Wealthcare Advisory Partners LLC now owns 31,344 shares of the exchange traded fund’s stock worth $458,000 after acquiring an additional 1,350 shares during the period.

Invesco Financial Preferred ETF Price Performance

Invesco Financial Preferred ETF stock opened at $13.84 on Tuesday. Invesco Financial Preferred ETF has a 12-month low of $13.66 and a 12-month high of $15.00. The firm has a 50 day moving average of $13.93 and a 200 day moving average of $14.11.

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.