PowerShares Preferred Portfolio(ETF) (PGX) Short Interest Up 518.5% in November

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%.

A number of large investors have recently bought and sold shares of the stock. Advantage Investment Management LLC lifted its position in PowerShares Preferred Portfolio(ETF) by 3.4% during the third quarter. Advantage Investment Management LLC now owns 286,315 shares of the company’s stock valued at $4,303,000 after acquiring an additional 9,302 shares during the last quarter. B. Riley Financial Inc. lifted its position in PowerShares Preferred Portfolio(ETF) by 24.4% during the third quarter. B. Riley Financial Inc. now owns 50,425 shares of the company’s stock valued at $758,000 after acquiring an additional 9,898 shares during the last quarter. MV Capital Management Inc. lifted its position in PowerShares Preferred Portfolio(ETF) by 4.7% during the third quarter. MV Capital Management Inc. now owns 336,880 shares of the company’s stock valued at $5,063,000 after acquiring an additional 15,149 shares during the last quarter. Advisory Alpha LLC lifted its position in PowerShares Preferred Portfolio(ETF) by 186.0% during the third quarter. Advisory Alpha LLC now owns 24,386 shares of the company’s stock valued at $364,000 after acquiring an additional 15,858 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in PowerShares Preferred Portfolio(ETF) during the third quarter valued at approximately $324,000.

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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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