Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Update

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 134 shares, a decline of 78.8% from the August 15th total of 631 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,281 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Bloomberg Pricing Power ETF Stock Performance

POWA opened at $87.15 on Friday. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $94.15. The stock has a market capitalization of $170.81 million, a PE ratio of 26.20 and a beta of 0.76. The business’s 50 day moving average price is $90.61 and its 200 day moving average price is $89.02.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Invesco Bloomberg Pricing Power ETF by 42.8% in the 1st quarter. Royal Bank of Canada now owns 6,391 shares of the company’s stock valued at $525,000 after buying an additional 1,916 shares during the period. Bank of America Corp DE increased its position in shares of Invesco Bloomberg Pricing Power ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock valued at $1,826,000 after acquiring an additional 206 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF during the third quarter valued at about $415,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock valued at $19,684,000 after acquiring an additional 216,750 shares during the period. Finally, Calton & Associates Inc. raised its stake in shares of 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 acquiring an additional 140 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.