Invesco Preferred ETF (NYSEARCA:PGX – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,302,963 shares, an increase of 84.3% from the July 30th total of 4,506,048 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily volume of 2,917,008 shares, the days-to-cover ratio is currently 2.8 days.
Invesco Preferred ETF Price Performance
Shares of NYSEARCA PGX traded down $0.04 on Friday, hitting $10.60. The company had a trading volume of 2,694,635 shares, compared to its average volume of 3,219,072. Invesco Preferred ETF has a 12-month low of $10.54 and a 12-month high of $11.92. The business has a 50 day moving average of $10.76 and a two-hundred day moving average of $11.00.
Institutional Trading of Invesco Preferred ETF
Several large investors have recently bought and sold shares of the company. Triumph Capital Management acquired a new position in shares of Invesco Preferred ETF during the third quarter worth $29,000. First United Bank & Trust grew its holdings in Invesco Preferred ETF by 32.1% during the 1st quarter. First United Bank & Trust now owns 4,343 shares of the company’s stock valued at $47,000 after purchasing an additional 1,055 shares in the last quarter. Bayban acquired a new stake in Invesco Preferred ETF during the 4th quarter valued at $52,000. Global Assets Advisory LLC purchased a new stake in Invesco Preferred ETF during the 1st quarter worth $52,000. Finally, International Assets Investment Management LLC purchased a new stake in Invesco Preferred ETF during the 4th quarter worth $55,000. Institutional investors and hedge funds own 8.60% of the company’s stock.
About Invesco Preferred ETF
The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis. The Fund seeks investment results that correspond generally to the price and yield (before fees and expenses) of a securities index.
See Also
- Five stocks we like better than Invesco Preferred ETF
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Receive News & Ratings for Invesco Preferred ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Preferred ETF and related companies with MarketBeat.com's FREE daily email newsletter.
