Short Interest in Invesco Global Clean Energy ETF (NYSEARCA:PBD) Grows By 14.7%

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 110,202 shares, an increase of 14.7% from the March 31st total of 96,098 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average trading volume of 39,400 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Invesco Global Clean Energy ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its position in Invesco Global Clean Energy ETF by 62,657.1% during the third quarter. AE Wealth Management LLC now owns 4,393 shares of the company’s stock valued at $66,000 after acquiring an additional 4,386 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Invesco Global Clean Energy ETF in the fourth quarter valued at approximately $92,000. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 valued at $97,000 after purchasing an additional 6,000 shares during the period. Jones Financial Companies Lllp raised its position in shares of 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 valued at $96,000 after purchasing an additional 7,616 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of Invesco Global Clean Energy ETF in the second quarter valued at approximately $133,000.

Invesco Global Clean Energy ETF Stock Performance

Shares of PBD opened at $21.00 on Friday. The firm has a market cap of $210.63 million, a PE ratio of 19.47 and a beta of 1.33. The firm’s 50 day moving average price is $18.53 and its 200 day moving average price is $17.39. Invesco Global Clean Energy ETF has a twelve month low of $11.13 and a twelve month high of $21.08.

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.