Invesco Global Clean Energy ETF (NYSEARCA:PBD) Sees Large Decline in Short Interest

Invesco Global Clean Energy ETF (NYSEARCA:PBD) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 70,503 shares, a decrease of 44.9% from the January 15th total of 127,914 shares. Based on an average daily volume of 73,382 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 73,382 shares, the days-to-cover ratio is presently 1.0 days.

Invesco Global Clean Energy ETF Stock Performance

NYSEARCA PBD traded up $0.20 on Friday, reaching $18.11. 15,279 shares of the stock traded hands, compared to its average volume of 71,223. Invesco Global Clean Energy ETF has a 12 month low of $9.02 and a 12 month high of $18.40. The company has a market cap of $186.17 million, a price-to-earnings ratio of 19.47 and a beta of 1.37. The company has a fifty day moving average price of $17.06 and a 200-day moving average price of $15.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBD. AE Wealth Management LLC raised its holdings in shares of Invesco Global Clean Energy ETF by 62,657.1% in the 3rd quarter. AE Wealth Management LLC now owns 4,393 shares of the company’s stock valued at $66,000 after purchasing an additional 4,386 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Invesco Global Clean Energy ETF during the fourth quarter valued at approximately $92,000. Jones Financial Companies Lllp raised its stake in Invesco Global Clean Energy ETF by 498.8% in the first quarter. Jones Financial Companies Lllp now owns 9,143 shares of the company’s stock worth $96,000 after buying an additional 7,616 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Global Clean Energy ETF by 1,333.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,450 shares of the company’s stock worth $97,000 after buying an additional 6,000 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Invesco Global Clean Energy ETF during the second quarter worth $133,000.

About Invesco Global Clean Energy ETF

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.