Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Rises By 102.9%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 123,176 shares, a growth of 102.9% from the December 31st total of 60,695 shares. Based on an average daily volume of 452,484 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 452,484 shares, the short-interest ratio is presently 0.3 days.

Invesco Aerospace & Defense ETF Trading Down 1.1%

Shares of NYSEARCA PPA traded down $1.98 during mid-day trading on Friday, hitting $173.70. The company had a trading volume of 88,973 shares, compared to its average volume of 366,540. The company has a market capitalization of $7.74 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $181.31. The firm has a 50-day simple moving average of $161.69 and a two-hundred day simple moving average of $154.49.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Institutional investors have recently modified their holdings of the stock. BOK Financial Private Wealth Inc. grew its position in Invesco Aerospace & Defense ETF by 84.2% during the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. eCIO Inc. bought a new stake in Invesco Aerospace & Defense ETF in the fourth quarter worth $28,000. Evolution Wealth Management Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $26,000. Briaud Financial Planning Inc acquired a new stake in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth $27,000. Finally, EPG Wealth Management LLC acquired a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $31,000.

Invesco Aerospace & Defense ETF Company Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.