Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Update

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 631 shares, a decline of 44.9% from the July 30th total of 1,146 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,403 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of hedge funds have recently bought and sold shares of POWA. IFC & Insurance Marketing Inc. purchased a new stake in Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $50,000. CWM LLC increased its stake in Invesco Bloomberg Pricing Power ETF by 21.0% during the 4th quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after purchasing an additional 123 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $162,000. Calton & Associates Inc. raised 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 worth $214,000 after buying an additional 140 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the third quarter worth approximately $415,000.

Invesco Bloomberg Pricing Power ETF Trading Down 0.4%

Invesco Bloomberg Pricing Power ETF stock traded down $0.35 during mid-day trading on Friday, hitting $90.70. The company had a trading volume of 1,154 shares, compared to its average volume of 3,812. The stock’s 50 day moving average price is $90.37 and its two-hundred day moving average price is $89.27. Invesco Bloomberg Pricing Power ETF has a 12 month low of $84.53 and a 12 month high of $94.15. The company has a market capitalization of $177.77 million, a PE ratio of 26.20 and a beta of 0.77.

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.