Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 172,600 shares, an increase of 46.8% from the September 15th total of 117,600 shares. Based on an average daily trading volume, of 209,800 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 209,800 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Aerospace & Defense ETF Trading Up 0.4%

PPA opened at $158.90 on Friday. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98. The company’s 50 day moving average is $151.54 and its 200 day moving average is $140.02. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $159.96.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 10.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,794 shares of the company’s stock worth $1,491,000 after buying an additional 1,227 shares during the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 19.7% in the first quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the company’s stock worth $299,000 after buying an additional 422 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 63.9% in the first quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock worth $2,233,000 after buying an additional 7,471 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock worth $16,554,000 after buying an additional 2,984 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 15.0% during the first quarter. Avantax Advisory Services Inc. now owns 2,815 shares of the company’s stock valued at $328,000 after purchasing an additional 367 shares in the last quarter.

Invesco Aerospace & Defense ETF Company Profile

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.