Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 53.6% in May

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 262 shares, a decrease of 53.6% from the April 30th total of 565 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,654 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Bloomberg Pricing Power ETF Stock Up 0.3%

NYSEARCA POWA traded up $0.24 on Friday, hitting $88.06. The stock had a trading volume of 2,957 shares, compared to its average volume of 3,648. Invesco Bloomberg Pricing Power ETF has a one year low of $83.48 and a one year high of $93.93. The stock has a market cap of $183.16 million, a price-to-earnings ratio of 26.20 and a beta of 0.79. The company’s 50-day moving average is $87.34 and its two-hundred day moving average is $89.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 21.0% in the fourth quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after acquiring an additional 123 shares in the last quarter. Calton & Associates Inc. boosted its holdings in shares of 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 acquiring an additional 140 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.6% in the first quarter. Kestra Advisory Services LLC now owns 12,110 shares of the company’s stock valued at $1,043,000 after acquiring an additional 195 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.0% in the third quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock valued at $1,826,000 after acquiring an additional 206 shares in the last quarter. Finally, Avant Capital LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.6% in the fourth quarter. Avant Capital LLC now owns 16,235 shares of the company’s stock valued at $1,460,000 after acquiring an additional 257 shares in the last quarter.

About Invesco Bloomberg Pricing Power ETF

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.