Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Significant Increase in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 200,058 shares, an increase of 74.1% from the January 29th total of 114,900 shares. Based on an average daily volume of 277,244 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 277,244 shares, the short-interest ratio is currently 0.7 days.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA traded up $0.75 during trading on Friday, hitting $181.07. The company had a trading volume of 190,455 shares, compared to its average volume of 316,273. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $182.44. The business’s 50-day moving average is $172.39 and its 200 day moving average is $158.93. The company has a market cap of $8.11 billion, a P/E ratio of 30.91 and a beta of 0.87.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Aerospace & Defense ETF by 2,760.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after buying an additional 173,290 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after buying an additional 160,000 shares during the period. Ameriprise Financial Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after acquiring an additional 121,776 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Invesco Aerospace & Defense ETF by 66.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after acquiring an additional 98,597 shares during the period.

About Invesco Aerospace & Defense ETF

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.