Invesco Financial Preferred ETF (NYSEARCA:PGF) Sees Significant Increase in Short Interest

Invesco Financial Preferred ETF (NYSEARCA:PGF) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 87,121 shares, a growth of 38.7% from the February 26th total of 62,823 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 120,682 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Invesco Financial Preferred ETF

A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings 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 worth $2,009,000 after acquiring an additional 2,460 shares during the last quarter. Jane Street Group LLC boosted its position in Invesco Financial Preferred ETF by 33.0% during the first quarter. Jane Street Group LLC now owns 106,613 shares of the exchange traded fund’s stock worth $1,522,000 after acquiring an additional 26,457 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA grew its stake in Invesco Financial Preferred ETF by 13.6% in the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 57,850 shares of the exchange traded fund’s stock worth $816,000 after acquiring an additional 6,930 shares during the period. NewEdge Advisors LLC raised its holdings 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. Finally, Ameriprise Financial Inc. raised its holdings in Invesco Financial Preferred ETF by 27.5% in 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 during the last quarter.

Invesco Financial Preferred ETF Trading Down 0.1%

Invesco Financial Preferred ETF stock opened at $13.74 on Tuesday. Invesco Financial Preferred ETF has a 52 week low of $13.61 and a 52 week high of $15.00. The firm’s 50-day simple moving average is $14.23 and its 200 day simple moving average is $14.34.

Invesco Financial Preferred ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a dividend of $0.0644 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, February 23rd.

Invesco Financial Preferred ETF Company Profile

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.