Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Grows By 188.5%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 181,487 shares, an increase of 188.5% from the May 14th total of 62,915 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 221,077 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. S&A Financial Services Inc. bought a new position in Invesco Aerospace & Defense ETF during the first quarter valued at about $439,000. Fischer Investment Strategies LLC bought a new position in Invesco Aerospace & Defense ETF during the first quarter valued at about $5,489,000. NewEdge Advisors LLC boosted its stake in Invesco Aerospace & Defense ETF by 22.6% during the first quarter. NewEdge Advisors LLC now owns 52,820 shares of the company’s stock valued at $8,752,000 after buying an additional 9,747 shares in the last quarter. Foguth Wealth Management LLC. boosted its stake in Invesco Aerospace & Defense ETF by 23.2% during the first quarter. Foguth Wealth Management LLC. now owns 1,572 shares of the company’s stock valued at $279,000 after buying an additional 296 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in Invesco Aerospace & Defense ETF by 462.5% during the first quarter. Glenmede Trust Co. NA now owns 4,219 shares of the company’s stock valued at $699,000 after buying an additional 3,469 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:PPA traded down $2.01 on Friday, hitting $174.31. The company’s stock had a trading volume of 131,578 shares, compared to its average volume of 291,469. Invesco Aerospace & Defense ETF has a 12 month low of $133.95 and a 12 month high of $186.30. The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The stock’s 50-day moving average is $170.83 and its two-hundred day moving average is $169.17.

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.