Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Declines By 63.4%

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWAGet Free Report) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 830 shares, a decline of 63.4% from the June 15th total of 2,267 shares. Based on an average daily trading volume, of 4,666 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Invesco Bloomberg Pricing Power ETF Stock Performance

Invesco Bloomberg Pricing Power ETF stock opened at $89.19 on Monday. The stock has a market cap of $174.81 million, a PE ratio of 26.20 and a beta of 0.77. The stock has a 50-day moving average of $87.75 and a two-hundred day moving average of $89.46. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $93.93.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of POWA. IFC & Insurance Marketing Inc. purchased a new stake in Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at $50,000. CWM LLC raised its position in Invesco Bloomberg Pricing Power ETF by 21.0% in the fourth quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after purchasing an additional 123 shares during the period. FSA Wealth Partners Inc. acquired a new position in Invesco Bloomberg Pricing Power ETF during the 4th quarter worth about $117,000. Quadrant Capital Group LLC purchased a new position in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter valued at approximately $162,000. Finally, Calton & Associates Inc. boosted its position in Invesco Bloomberg Pricing Power ETF by 6.3% in the 4th quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock valued at $214,000 after buying an additional 140 shares during the period.

Invesco Bloomberg Pricing Power ETF Company Profile

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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.

Further Reading

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