Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 50.4% in January

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 293 shares, a drop of 50.4% from the December 31st total of 591 shares. Based on an average daily volume of 3,189 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,189 shares, the short-interest ratio is presently 0.1 days.

Invesco Bloomberg Pricing Power ETF Stock Performance

POWA stock traded down $0.31 during trading on Friday, reaching $91.86. 3,317 shares of the company were exchanged, compared to its average volume of 5,696. The stock’s 50 day moving average price is $91.60 and its 200 day moving average price is $90.29. Invesco Bloomberg Pricing Power ETF has a 52-week low of $73.16 and a 52-week high of $93.93. The company has a market cap of $194.74 million, a P/E ratio of 26.20 and a beta of 0.83.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Invesco Bloomberg Pricing Power ETF by 2.9% during the second quarter. Envestnet Asset Management Inc. now owns 130,296 shares of the company’s stock worth $11,281,000 after purchasing an additional 3,621 shares during the last quarter. Delos Wealth Advisors LLC increased its position in shares of Invesco Bloomberg Pricing Power ETF by 5.9% in the third quarter. Delos Wealth Advisors LLC now owns 37,093 shares of the company’s stock valued at $3,358,000 after buying an additional 2,082 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco Bloomberg Pricing Power ETF by 1.0% in the third quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock valued at $1,826,000 after buying an additional 206 shares in the last quarter. IMC Chicago LLC acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter worth $1,469,000. Finally, Caprock Group LLC purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth about $1,028,000.

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.