Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Significant Drop in Short Interest

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 417,399 shares, a decrease of 34.4% from the June 15th total of 636,730 shares. Based on an average trading volume of 612,167 shares, the short-interest ratio is currently 0.7 days. Currently, 3.4% of the company’s stock are sold short.

Invesco WilderHill Clean Energy ETF Stock Performance

Shares of NYSEARCA:PBW opened at $33.39 on Friday. The firm has a market capitalization of $411.70 million, a P/E ratio of 0.93 and a beta of 1.76. The stock has a 50 day moving average price of $39.79 and a 200-day moving average price of $35.94. Invesco WilderHill Clean Energy ETF has a 52-week low of $21.78 and a 52-week high of $47.22.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Invesco WilderHill Clean Energy ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 818,050 shares of the company’s stock worth $24,983,000 after acquiring an additional 5,567 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco WilderHill Clean Energy ETF by 33.7% during the third quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock valued at $15,439,000 after purchasing an additional 134,682 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Invesco WilderHill Clean Energy ETF by 78.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 471,799 shares of the company’s stock worth $14,409,000 after purchasing an additional 208,119 shares in the last quarter. Millennium Management LLC boosted its position in shares of Invesco WilderHill Clean Energy ETF by 514.6% in the 4th quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock worth $11,672,000 after purchasing an additional 320,000 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Invesco WilderHill Clean Energy ETF by 65.9% in the 4th quarter. LPL Financial LLC now owns 320,122 shares of the company’s stock worth $9,777,000 after purchasing an additional 127,191 shares in the last quarter.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.