Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 182,325 shares, a growth of 22.9% from the February 26th total of 148,300 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 431,434 shares, the short-interest ratio is currently 0.4 days.

Invesco Aerospace & Defense ETF Stock Up 3.5%

NYSEARCA PPA opened at $165.70 on Wednesday. The stock has a market cap of $7.42 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $186.30. The business has a 50 day moving average price of $175.61 and a two-hundred day moving average price of $163.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PPA. BOK Financial Private Wealth Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at about $28,000. Evolution Wealth Management Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter valued at about $26,000. EPG Wealth Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $31,000. Finally, Y.D. More Investments Ltd increased its position in shares of Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter.

Invesco Aerospace & Defense ETF Company Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.