Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) Sees Large Decrease in Short Interest

Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 109,789 shares, a decline of 35.0% from the June 30th total of 169,022 shares. Based on an average daily volume of 23,983 shares, the short-interest ratio is presently 4.6 days. Currently, 2.8% of the company’s shares are short sold.

Invesco Global Listed Private Equity ETF Trading Down 0.4%

Shares of PSP stock traded down $0.26 on Friday, reaching $59.66. 13,892 shares of the company’s stock were exchanged, compared to its average volume of 60,804. The company’s fifty day simple moving average is $58.16 and its 200 day simple moving average is $60.29. The stock has a market capitalization of $232.08 million, a PE ratio of 14.07 and a beta of 1.26. Invesco Global Listed Private Equity ETF has a 52 week low of $54.12 and a 52 week high of $72.90.

Institutional Investors Weigh In On Invesco Global Listed Private Equity ETF

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Invesco Global Listed Private Equity ETF by 825.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 537 shares of the company’s stock valued at $37,000 after acquiring an additional 479 shares in the last quarter. Manchester Capital Management LLC increased its stake in Invesco Global Listed Private Equity ETF by 55.6% during the 4th quarter. Manchester Capital Management LLC now owns 700 shares of the company’s stock valued at $47,000 after purchasing an additional 250 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco Global Listed Private Equity ETF by 383.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,150 shares of the company’s stock worth $77,000 after acquiring an additional 912 shares during the last quarter. Private Trust Co. NA boosted its position in Invesco Global Listed Private Equity ETF by 48.1% in the fourth quarter. Private Trust Co. NA now owns 1,380 shares of the company’s stock valued at $93,000 after buying an additional 448 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Invesco Global Listed Private Equity ETF by 6.7% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,132 shares of the company’s stock worth $230,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 70.39% of the company’s stock.

About Invesco Global Listed Private Equity ETF

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.