Short Interest in Invesco Large Cap Growth ETF (NYSEARCA:PWB) Drops By 22.2%

Invesco Large Cap Growth ETF (NYSEARCA:PWB) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 102,576 shares, a decrease of 22.2% from the January 29th total of 131,929 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 69,806 shares, the days-to-cover ratio is currently 1.5 days. Based on an average trading volume of 69,806 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PWB. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Invesco Large Cap Growth ETF by 67.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 9,927 shares of the company’s stock valued at $1,245,000 after buying an additional 4,006 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco Large Cap Growth ETF by 82.8% during the second quarter. Osaic Holdings Inc. now owns 81,174 shares of the company’s stock worth $9,533,000 after buying an additional 36,773 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Invesco Large Cap Growth ETF in the 2nd quarter valued at $267,000. ACT Wealth Management LLC acquired a new stake in shares of Invesco Large Cap Growth ETF during the 3rd quarter valued at $24,410,000. Finally, Blue Capital Inc. acquired a new stake in shares of Invesco Large Cap Growth ETF during the 2nd quarter valued at $1,305,000.

Invesco Large Cap Growth ETF Price Performance

PWB traded up $2.19 during trading on Wednesday, hitting $134.40. The stock had a trading volume of 99,331 shares, compared to its average volume of 49,903. The company has a 50 day moving average price of $133.09 and a 200-day moving average price of $127.88. Invesco Large Cap Growth ETF has a one year low of $82.22 and a one year high of $138.48. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 40.15 and a beta of 1.12.

Invesco Large Cap Growth ETF Company Profile

The Invesco Dynamic Large Cap Growth ETF (PWB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses a multifactor selection methodology to select large-cap stocks with growth characteristics. PWB was launched on Mar 3, 2005 and is managed by Invesco.