Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Increases By 22.9%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 182,325 shares, an increase of 22.9% from the February 26th total of 148,300 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 431,434 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after buying an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco Aerospace & Defense ETF by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after acquiring an additional 4,915 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Aerospace & Defense ETF by 65.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 88,723 shares of the company’s stock valued at $12,571,000 after acquiring an additional 35,228 shares in the last quarter. Lido Advisors LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 5.2% during the second quarter. Lido Advisors LLC now owns 3,622 shares of the company’s stock valued at $513,000 after acquiring an additional 179 shares in the last quarter. Finally, Smith Moore & CO. raised its position in shares of Invesco Aerospace & Defense ETF by 3.4% in the 2nd quarter. Smith Moore & CO. now owns 2,347 shares of the company’s stock valued at $333,000 after purchasing an additional 77 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA traded down $4.27 on Monday, hitting $160.11. The stock had a trading volume of 379,650 shares, compared to its average volume of 326,800. The business’s fifty day moving average price is $175.83 and its 200 day moving average price is $163.12. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $186.30.

Invesco Aerospace & Defense ETF Company Profile

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.