$PGF — what investors on X are saying

$PGFInvesco Financial Preferred ETF · Asset Management - Bonds · $679.4M

$13.43

-0.3%

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The user is shifting short exposure from PFFD to PGF, citing PGF's composition of perpetual preferreds as a preferred short target over PFFD's mandatory convertibles.

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User is switching short exposure from PFFD to PGF.
PGF is preferred for shorting due to its perpetual preferreds, unlike PFFD's mandatory convertibles.

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@finphysnerd· 7.0K followers
My largest short is $PFFD a preferred ETF, but I'm switching the exposure to $PGF. Even though it's 2% borrow vs 1% for PFFD, PFFD has 25% exposure to mandatory convertibles that essentially act as equity. Meanwhile PGF is full of low yield, perpetual, callable preferreds, which

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$PGF — investor discussion on X

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