Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Down 25.9% in February

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 148,300 shares, a decline of 25.9% from the February 12th total of 200,058 shares. Based on an average daily volume of 227,006 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 227,006 shares, the days-to-cover ratio is presently 0.7 days.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock traded up $2.09 during trading hours on Monday, hitting $175.32. 265,344 shares of the company’s stock were exchanged, compared to its average volume of 338,279. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $186.30. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. The stock’s 50-day moving average is $176.54 and its 200-day moving average is $161.41.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors raised its stake in shares of Invesco Aerospace & Defense ETF by 26.5% in the fourth quarter. World Investment Advisors now owns 2,248 shares of the company’s stock worth $352,000 after acquiring an additional 471 shares during the last quarter. Green Ridge Wealth Planning LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $4,556,000. Bayban bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $38,000. SHP Wealth Management acquired a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $113,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Invesco Aerospace & Defense ETF by 12.7% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 885 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares in the last quarter.

About Invesco Aerospace & Defense ETF

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.