Invesco Large Cap Growth ETF (NYSEARCA:PWB) Short Interest Up 63.7% in May

Invesco Large Cap Growth ETF (NYSEARCA:PWB) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 166,439 shares, a growth of 63.7% from the May 14th total of 101,678 shares. Based on an average daily volume of 87,143 shares, the short-interest ratio is presently 1.9 days. Currently, 1.3% of the company’s stock are sold short.

Invesco Large Cap Growth ETF Stock Up 3.3%

PWB opened at $165.42 on Tuesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 40.15 and a beta of 1.23. Invesco Large Cap Growth ETF has a fifty-two week low of $111.09 and a fifty-two week high of $165.71. The company’s 50-day moving average price is $149.97 and its 200 day moving average price is $137.58.

Institutional Trading of Invesco Large Cap Growth ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. MidFirst Bank acquired a new stake in shares of Invesco Large Cap Growth ETF during the 4th quarter worth approximately $31,000. Fortitude Family Office LLC acquired a new stake in shares of Invesco Large Cap Growth ETF during the 4th quarter worth approximately $40,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Invesco Large Cap Growth ETF during the 3rd quarter worth approximately $45,000. Sunbelt Securities Inc. acquired a new stake in shares of Invesco Large Cap Growth ETF during the 1st quarter worth approximately $53,000. Finally, Assetmark Inc. raised its position in shares of Invesco Large Cap Growth ETF by 12,150.0% during the 4th quarter. Assetmark Inc. now owns 490 shares of the company’s stock worth $62,000 after purchasing an additional 486 shares during the period.

Invesco Large Cap Growth ETF Company Profile

The Invesco Dynamic Large Cap Growth ETF (PWB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses a multifactor selection methodology to select large-cap stocks with growth characteristics. PWB was launched on Mar 3, 2005 and is managed by Invesco.