Invesco Bloomberg Analyst Rating Improvers ETF (NYSEARCA:UPGD) Sees Large Increase in Short Interest

Invesco Bloomberg Analyst Rating Improvers ETF (NYSEARCA:UPGD) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,093 shares, a growth of 1,668.4% from the April 30th total of 288 shares. Based on an average trading volume of 753 shares, the days-to-cover ratio is presently 6.8 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Invesco Bloomberg Analyst Rating Improvers ETF by 85.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 26,578 shares of the company’s stock worth $1,966,000 after purchasing an additional 12,267 shares during the period. Stifel Financial Corp bought a new stake in Invesco Bloomberg Analyst Rating Improvers ETF during the fourth quarter valued at $251,000. HRT Financial LP boosted its stake in Invesco Bloomberg Analyst Rating Improvers ETF by 51.6% during the fourth quarter. HRT Financial LP now owns 9,026 shares of the company’s stock valued at $667,000 after buying an additional 3,073 shares during the period. Total Wealth Planning & Management Inc. purchased a new position in Invesco Bloomberg Analyst Rating Improvers ETF during the fourth quarter worth about $431,000. Finally, Aspire Growth Partners LLC grew its position in Invesco Bloomberg Analyst Rating Improvers ETF by 1.7% during the fourth quarter. Aspire Growth Partners LLC now owns 10,518 shares of the company’s stock worth $778,000 after buying an additional 178 shares in the last quarter.

Invesco Bloomberg Analyst Rating Improvers ETF Trading Up 0.4%

Shares of NYSEARCA:UPGD opened at $80.04 on Thursday. The company has a 50 day moving average of $75.91 and a 200 day moving average of $75.99. The stock has a market cap of $116.06 million, a P/E ratio of 20.47 and a beta of 0.92. Invesco Bloomberg Analyst Rating Improvers ETF has a 12 month low of $69.16 and a 12 month high of $80.33.

Invesco Bloomberg Analyst Rating Improvers ETF Company Profile

The Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is an exchange-traded fund that is based on the Bloomberg ANR Improvers index. The fund tracks an equal-weighted index of large-and mid-cap US stocks that are identified to have the most improved consensus ratings based on analyst recommendations. UPGD was launched on May 19, 2006 and is issued by Invesco.