Short Interest in Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Decreases By 55.7%

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 415,487 shares, a decline of 55.7% from the December 15th total of 937,704 shares. Based on an average daily volume of 477,583 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.9% of the shares of the company are sold short. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 477,583 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

A number of hedge funds have recently bought and sold shares of PBW. HighTower Advisors LLC acquired a new position in shares of Invesco WilderHill Clean Energy ETF during the 3rd quarter worth about $23,465,000. BNP Paribas Financial Markets lifted its holdings in shares of Invesco WilderHill Clean Energy ETF by 107.0% during the second quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock worth $5,962,000 after buying an additional 154,712 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco WilderHill Clean Energy ETF by 33.7% in the third quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock valued at $15,439,000 after acquiring an additional 134,682 shares during the period. Two Sigma Investments LP bought a new stake in shares of Invesco WilderHill Clean Energy ETF in the third quarter valued at approximately $3,848,000. Finally, Tidal Investments LLC bought a new position in Invesco WilderHill Clean Energy ETF during the third quarter worth $3,226,000.

Invesco WilderHill Clean Energy ETF Stock Up 0.5%

PBW stock traded up $0.17 during midday trading on Wednesday, hitting $34.95. 911,350 shares of the company traded hands, compared to its average volume of 996,028. Invesco WilderHill Clean Energy ETF has a twelve month low of $13.19 and a twelve month high of $36.52. The stock has a market capitalization of $801.75 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The business has a 50 day simple moving average of $31.66 and a 200-day simple moving average of $28.54.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.