Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get 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
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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