Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Grows By 92.3%

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,146 shares, an increase of 92.3% from the July 15th total of 596 shares. Based on an average daily volume of 2,766 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Invesco Bloomberg Pricing Power ETF by 42.8% in the first quarter. Royal Bank of Canada now owns 6,391 shares of the company’s stock valued at $525,000 after buying an additional 1,916 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco Bloomberg Pricing Power ETF by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock valued at $1,826,000 after purchasing an additional 206 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Invesco Bloomberg Pricing Power ETF in the third quarter worth $415,000. CWM LLC lifted its stake in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the fourth quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after buying an additional 123 shares during the period. Finally, IMC Chicago LLC acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $1,469,000.

Invesco Bloomberg Pricing Power ETF Stock Down 0.4%

Shares of Invesco Bloomberg Pricing Power ETF stock traded down $0.35 during trading on Friday, reaching $93.36. 1,181 shares of the stock were exchanged, compared to its average volume of 3,903. The stock’s fifty day moving average is $89.56 and its 200 day moving average is $89.33. The firm has a market cap of $182.99 million, a price-to-earnings ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a 1 year low of $84.53 and a 1 year high of $94.15.

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.