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 target of a significant decline in short interest in 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. Approximately 0.0% of the company’s stock are sold short.

Invesco Bloomberg Pricing Power ETF Price Performance

Shares of NYSEARCA:POWA opened at $89.19 on Monday. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $84.53 and a fifty-two week high of $93.93. The firm’s 50 day moving average price is $87.75 and its 200 day moving average price is $89.46. The stock has a market cap of $174.81 million, a price-to-earnings ratio of 26.20 and a beta of 0.77.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

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

Invesco Bloomberg Pricing Power ETF Company Profile

(Get Free Report)

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.

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