Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Up 289.7% in April

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 565 shares, a growth of 289.7% from the April 15th total of 145 shares. Based on an average trading volume of 2,565 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

Several institutional investors and hedge funds have recently bought and sold shares of POWA. IFC & Insurance Marketing Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth approximately $50,000. CWM LLC increased its stake in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the fourth quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after purchasing an additional 123 shares during the period. CX Institutional bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the third quarter worth approximately $66,000. PNC Financial Services Group Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the third quarter worth approximately $103,000. Finally, FSA Wealth Partners Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth approximately $117,000.

Invesco Bloomberg Pricing Power ETF Trading Down 0.8%

Shares of NYSEARCA:POWA traded down $0.65 during trading on Wednesday, hitting $85.71. 1,470 shares of the company were exchanged, compared to its average volume of 3,169. The stock has a market cap of $178.28 million, a price-to-earnings ratio of 26.20 and a beta of 0.79. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $83.48 and a fifty-two week high of $93.93. The firm has a fifty day moving average price of $88.02 and a two-hundred day moving average price of $90.28.

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.