Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Update

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,267 shares, an increase of 789.0% from the May 31st total of 255 shares. Based on an average daily volume of 5,783 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Invesco Bloomberg Pricing Power ETF Price Performance

NYSEARCA:POWA opened at $88.39 on Friday. The business’s 50-day moving average is $87.72 and its two-hundred day moving average is $89.62. The firm has a market capitalization of $183.85 million, a PE ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a 12 month low of $84.53 and a 12 month high of $93.93.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in POWA. IFC & Insurance Marketing Inc. acquired a new position in Invesco Bloomberg Pricing Power ETF in the 4th quarter worth $50,000. CWM LLC grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the fourth quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the third quarter worth about $103,000. FSA Wealth Partners Inc. purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth about $117,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $162,000.

About Invesco Bloomberg Pricing Power ETF

The Invesco Bloomberg Pricing Power ETF (POWA) is an exchange-traded fund that is based on the Bloomberg Pricing Power index. The fund selects US large- and mid-cap stocks of companies considered well-positioned to maintain stable profit margins in all market conditions. Stocks satisfying a four factor screening process are included in the index, on an equal-weight basis POWA was launched on Dec 15, 2006 and is issued by Invesco.