Invesco Global Clean Energy ETF (NYSEARCA:PBD) Short Interest Down 25.9% in May

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 20,600 shares, a drop of 25.9% from the May 15th total of 27,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 31,800 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Invesco Global Clean Energy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC grew its position in Invesco Global Clean Energy ETF by 281.5% during the first quarter. Jane Street Group LLC now owns 144,653 shares of the company’s stock worth $1,525,000 after buying an additional 106,735 shares in the last quarter. Jones Financial Companies Lllp raised its position in 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 last quarter. Olde Wealth Management LLC acquired a new stake in Invesco Global Clean Energy ETF during the 1st quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Invesco Global Clean Energy ETF by 10.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 68,260 shares of the company’s stock worth $719,000 after purchasing an additional 6,322 shares during the period. Finally, Princeton Global Asset Management LLC grew its position in shares of Invesco Global Clean Energy ETF by 193.2% in the 1st quarter. Princeton Global Asset Management LLC now owns 6,592 shares of the company’s stock valued at $69,000 after buying an additional 4,344 shares during the last quarter.

Invesco Global Clean Energy ETF Price Performance

Shares of Invesco Global Clean Energy ETF stock opened at $12.16 on Friday. The business has a fifty day simple moving average of $11.46 and a two-hundred day simple moving average of $11.42. Invesco Global Clean Energy ETF has a 1 year low of $9.02 and a 1 year high of $14.86. The company has a market capitalization of $70.28 million, a price-to-earnings ratio of 19.63 and a beta of 1.38.

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.