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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 900 shares, a growth of 50.0% from the September 30th total of 600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Invesco Bloomberg Pricing Power ETF Trading Down 0.7%

Shares of NYSEARCA:POWA traded down $0.60 during trading on Monday, reaching $90.22. The stock had a trading volume of 11,175 shares, compared to its average volume of 2,954. The company has a market capitalization of $190.36 million, a P/E 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 $92.60. The firm’s 50-day simple moving average is $90.16 and its 200 day simple moving average is $87.37.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

Several large investors have recently made changes to their positions in the company. CX Institutional purchased a new stake in Invesco Bloomberg Pricing Power ETF during the 3rd quarter worth approximately $66,000. CWM LLC lifted its holdings in Invesco Bloomberg Pricing Power ETF by 9.6% in the second quarter. CWM LLC now owns 1,559 shares of the company’s stock valued at $135,000 after acquiring an additional 136 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Invesco Bloomberg Pricing Power ETF by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,358 shares of the company’s stock worth $204,000 after buying an additional 253 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Invesco Bloomberg Pricing Power ETF in the second quarter valued at approximately $210,000. Finally, AE Wealth Management LLC increased its position in shares of Invesco Bloomberg Pricing Power ETF by 12.3% during the second quarter. AE Wealth Management LLC now owns 4,886 shares of the company’s stock worth $423,000 after acquiring an additional 536 shares during the period.

Invesco Bloomberg Pricing Power ETF Company Profile

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.