Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Large Drop in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 151 shares, a decline of 48.5% from the January 15th total of 293 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 8,311 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 8,311 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Invesco Bloomberg Pricing Power ETF Stock Up 1.1%

POWA traded up $0.97 during trading on Friday, hitting $93.30. The company’s stock had a trading volume of 3,732 shares, compared to its average volume of 4,541. The business’s 50 day simple moving average is $91.92 and its 200-day simple moving average is $90.62. The firm has a market cap of $197.80 million, a PE ratio of 26.20 and a beta of 0.83. Invesco Bloomberg Pricing Power ETF has a one year low of $73.16 and a one year high of $93.93.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 2.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 130,296 shares of the company’s stock valued at $11,281,000 after acquiring an additional 3,621 shares during the period. CWM LLC raised its stake in Invesco Bloomberg Pricing Power ETF by 9.6% during the 2nd quarter. CWM LLC now owns 1,559 shares of the company’s stock worth $135,000 after acquiring an additional 136 shares during the period. Calton & Associates Inc. lifted its holdings in Invesco Bloomberg Pricing Power ETF by 6.3% during the fourth quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock valued at $214,000 after purchasing an additional 140 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after purchasing an additional 216,750 shares during the period. Finally, IMC Chicago LLC bought a new position in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter worth approximately $1,469,000.

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.