PowerShares Preferred Portfolio(ETF) (NYSEARCA:PGX) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,363,918 shares, a growth of 518.5% from the October 31st total of 543,849 shares. Based on an average trading volume of 1,951,111 shares, the short-interest ratio is presently 1.7 days.
Shares of PowerShares Preferred Portfoli (NYSEARCA PGX) opened at $15.02 on Tuesday. PowerShares Preferred Portfoli has a 52-week low of $13.96 and a 52-week high of $15.20.
The company also recently announced a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were given a dividend of $0.0681 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.82 dividend on an annualized basis and a yield of 5.44%.
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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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