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

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 59,827 shares, a decrease of 53.9% from the August 31st total of 129,915 shares. Based on an average daily trading volume, of 153,906 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBD. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Invesco Global Clean Energy ETF by 11.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 148,261 shares of the company’s stock valued at $2,658,000 after purchasing an additional 15,429 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Invesco Global Clean Energy ETF by 571.4% during the first quarter. Cetera Investment Advisers now owns 117,075 shares of the company’s stock valued at $2,099,000 after purchasing an additional 99,637 shares in the last quarter. Nilsine Partners LLC boosted its stake in shares of Invesco Global Clean Energy ETF by 0.7% during the second quarter. Nilsine Partners LLC now owns 90,082 shares of the company’s stock valued at $1,766,000 after purchasing an additional 641 shares in the last quarter. Private Advisor Group LLC increased its holdings in Invesco Global Clean Energy ETF by 6.5% during the first quarter. Private Advisor Group LLC now owns 28,640 shares of the company’s stock valued at $514,000 after buying an additional 1,756 shares during the period. Finally, Independent Financial Group LLC purchased a new position in Invesco Global Clean Energy ETF during the first quarter valued at approximately $462,000.

Invesco Global Clean Energy ETF Trading Down 1.1%

Shares of PBD traded down $0.19 during midday trading on Monday, reaching $16.74. 31,247 shares of the stock were exchanged, compared to its average volume of 83,456. The company has a market capitalization of $114.33 million, a P/E ratio of 19.47 and a beta of 1.36. Invesco Global Clean Energy ETF has a 52 week low of $14.91 and a 52 week high of $22.58. The company’s 50 day moving average is $17.72 and its two-hundred day moving average is $19.00.

Invesco Global Clean Energy ETF Company Profile

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.