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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 631 shares, a decrease of 44.9% from the July 30th total of 1,146 shares. Based on an average trading volume of 5,403 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA POWA traded down $0.35 during mid-day trading on Friday, hitting $90.70. 1,154 shares of the stock traded hands, compared to its average volume of 3,812. The stock has a fifty day moving average price of $90.37 and a 200-day moving average price of $89.27. The company has a market cap of $177.77 million, a price-to-earnings ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a 52 week low of $84.53 and a 52 week high of $94.15.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

A number of hedge funds and other institutional investors have recently modified their holdings of POWA. IMC Chicago LLC purchased a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $1,469,000. Hyundai Investments Co. Ltd. purchased a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter valued at approximately $547,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock valued at $19,684,000 after purchasing an additional 216,750 shares during the last quarter. Calton & Associates Inc. boosted its position 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 worth $214,000 after purchasing an additional 140 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 21.0% in the 4th quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after purchasing an additional 123 shares in the last quarter.

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.