Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Expands By 158.7%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 150,933 shares, a growth of 158.7% from the November 30th total of 58,342 shares. Based on an average daily trading volume, of 135,692 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 135,692 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Several hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco Aerospace & Defense ETF by 12.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 53,495 shares of the company’s stock valued at $6,235,000 after purchasing an additional 5,731 shares during the last quarter. Royal Bank of Canada boosted its holdings in Invesco Aerospace & Defense ETF by 8.9% during the 1st quarter. Royal Bank of Canada now owns 175,903 shares of the company’s stock valued at $20,501,000 after acquiring an additional 14,386 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in Invesco Aerospace & Defense ETF by 8,844.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 31,306 shares of the company’s stock worth $3,649,000 after purchasing an additional 30,956 shares during the period. Aprio Wealth Management LLC increased its holdings in Invesco Aerospace & Defense ETF by 49.5% during the first quarter. Aprio Wealth Management LLC now owns 7,228 shares of the company’s stock valued at $842,000 after buying an additional 2,392 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 49.8% during the first quarter. Ancora Advisors LLC now owns 935 shares of the company’s stock worth $109,000 after buying an additional 311 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 0.7%

Invesco Aerospace & Defense ETF stock traded down $1.16 during mid-day trading on Friday, reaching $158.94. The company had a trading volume of 92,857 shares, compared to its average volume of 200,080. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $160.49. The business has a fifty day simple moving average of $153.63 and a 200 day simple moving average of $149.15. The company has a market cap of $6.91 billion, a P/E ratio of 30.91 and a beta of 0.87.

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.