Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) saw a significant increase in short interest in the month of 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,783 shares, the days-to-cover ratio is currently 0.4 days.
Invesco Bloomberg Pricing Power ETF Price Performance
Shares of POWA stock opened at $87.94 on Friday. The stock has a market capitalization of $182.92 million, a PE ratio of 26.20 and a beta of 0.77. The business’s 50 day simple moving average is $87.73 and its 200 day simple moving average is $89.63. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $93.93.
Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF
A number of institutional investors have recently modified their holdings of POWA. IFC & Insurance Marketing Inc. bought a new position in Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $50,000. CWM LLC boosted its position in 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 during the last quarter. PNC Financial Services Group Inc. bought a new stake in Invesco Bloomberg Pricing Power ETF during the third quarter valued at $103,000. FSA Wealth Partners Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF during the 4th quarter worth about $117,000. Finally, Quadrant Capital Group LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF during the 4th 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.
Recommended Stories
- Five stocks we like better than Invesco Bloomberg Pricing Power ETF
- BlackBerry’s Rally Is Running on a Bigger AI Story Than Earnings Alone
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
Receive News & Ratings for Invesco Bloomberg Pricing Power ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Bloomberg Pricing Power ETF and related companies with MarketBeat.com's FREE daily email newsletter.
