Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 63.4% in June

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 830 shares, a decrease of 63.4% from the June 15th total of 2,267 shares. Based on an average daily volume of 4,666 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

Hedge funds have recently modified their holdings of the company. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter valued at approximately $50,000. CWM LLC lifted its position in Invesco Bloomberg Pricing Power ETF by 21.0% in the fourth quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after purchasing an additional 123 shares during the period. FSA Wealth Partners Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $117,000. Quadrant Capital Group LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $162,000. Finally, Calton & Associates Inc. increased its holdings in Invesco Bloomberg Pricing Power ETF by 6.3% in the 4th quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock valued at $214,000 after buying an additional 140 shares during the period.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA:POWA traded down $0.34 on Wednesday, hitting $88.27. 1,626 shares of the company were exchanged, compared to its average volume of 3,902. The company’s 50 day moving average price is $87.77 and its two-hundred day moving average price is $89.43. The firm has a market capitalization of $173.01 million, a price-to-earnings ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $93.93.

About Invesco Bloomberg Pricing Power ETF

The Invesco Bloomberg Pricing Power ETF (POWA) is an exchange-traded fund that is based on the Bloomberg Pricing Power index. The fund selects US large- and mid-cap stocks of companies considered well-positioned to maintain stable profit margins in all market conditions. Stocks satisfying a four factor screening process are included in the index, on an equal-weight basis POWA was launched on Dec 15, 2006 and is issued by Invesco.