Short Interest in Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) Drops By 36.4%

Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 142,333 shares, a decline of 36.4% from the May 31st total of 223,710 shares. Based on an average daily volume of 64,639 shares, the short-interest ratio is currently 2.2 days. Currently, 3.4% of the shares of the company are short sold.

Invesco Global Listed Private Equity ETF Stock Up 1.8%

Shares of PSP traded up $1.00 during trading hours on Thursday, hitting $57.26. The company had a trading volume of 46,073 shares, compared to its average volume of 67,265. The business has a fifty day moving average of $59.30 and a 200-day moving average of $61.74. The firm has a market cap of $245.65 million, a price-to-earnings ratio of 14.07 and a beta of 1.26. Invesco Global Listed Private Equity ETF has a 12 month low of $54.12 and a 12 month high of $72.97.

Institutional Investors Weigh In On Invesco Global Listed Private Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Crestwood Advisors Group LLC acquired a new position in shares of Invesco Global Listed Private Equity ETF in the fourth quarter valued at approximately $4,695,000. Endowment Wealth Management Inc. boosted its stake in Invesco Global Listed Private Equity ETF by 5.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 203,555 shares of the company’s stock valued at $13,653,000 after purchasing an additional 10,673 shares during the period. Brighton Jones LLC acquired a new position in Invesco Global Listed Private Equity ETF in the 4th quarter valued at $401,000. Thrivent Financial for Lutherans acquired a new position in Invesco Global Listed Private Equity ETF in the 4th quarter valued at $12,190,000. Finally, Axxcess Wealth Management LLC grew its holdings in Invesco Global Listed Private Equity ETF by 212.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 149,212 shares of the company’s stock valued at $10,008,000 after buying an additional 101,425 shares in the last quarter. 70.39% of the stock is currently owned by institutional investors and hedge funds.

Invesco Global Listed Private Equity ETF Company Profile

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.