PowerShares Preferred Portfolio(ETF) (PGX) Short Interest Down 58.7% in November

PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,388,937 shares, a decline of 58.7% from the November 15th total of 3,363,918 shares. Based on an average daily volume of 1,564,800 shares, the days-to-cover ratio is currently 0.9 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PGX. CMH Wealth Management LLC lifted its holdings in PowerShares Preferred Portfolio(ETF) by 1.8% during the 4th quarter. CMH Wealth Management LLC now owns 314,388 shares of the company’s stock worth $4,634,000 after buying an additional 5,600 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in PowerShares Preferred Portfolio(ETF) by 10.2% during the 4th quarter. Sheets Smith Wealth Management now owns 47,712 shares of the company’s stock worth $709,000 after buying an additional 4,412 shares during the last quarter. American Financial Network Advisory Services LLC lifted its holdings in PowerShares Preferred Portfolio(ETF) by 13.0% during the 4th quarter. American Financial Network Advisory Services LLC now owns 303,719 shares of the company’s stock worth $4,513,000 after buying an additional 34,973 shares during the last quarter. Atlantic Trust Group LLC purchased a new stake in PowerShares Preferred Portfolio(ETF) during the 3rd quarter worth about $1,448,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in PowerShares Preferred Portfolio(ETF) during the 3rd quarter worth about $815,000.

PowerShares Preferred Portfoli (NYSEARCA PGX) traded down $0.03 on Friday, reaching $14.82. The company had a trading volume of 127,486 shares. PowerShares Preferred Portfoli has a 1 year low of $14.34 and a 1 year high of $15.20.

The business also recently announced a monthly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a dividend of $0.068 per share. The ex-dividend date was Monday, December 18th. This represents a $0.82 annualized dividend and a yield of 5.51%.

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PowerShares Preferred Portfolio(ETF) Company Profile

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.

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