Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 132,126 shares, a drop of 45.9% from the June 15th total of 244,440 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 217,521 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA traded down $0.29 on Friday, reaching $168.51. The stock had a trading volume of 165,445 shares, compared to its average volume of 274,877. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The firm’s fifty day moving average is $172.82 and its two-hundred day moving average is $173.01. Invesco Aerospace & Defense ETF has a 12-month low of $142.07 and a 12-month high of $186.30.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of the company. eCIO Inc. acquired a new stake in Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $28,000. Binnacle Investments Inc raised its holdings in Invesco Aerospace & Defense ETF by 84.2% in the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. EPG Wealth Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth $31,000. Y.D. More Investments Ltd lifted its stake in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Bayban acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $38,000.

About Invesco Aerospace & Defense ETF

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.