Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 262 shares, a drop of 53.6% from the April 30th total of 565 shares. Based on an average trading volume of 6,654 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $50,000. CWM LLC raised its holdings 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 valued at $64,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Invesco Bloomberg Pricing Power ETF during the third quarter valued at approximately $103,000. FSA Wealth Partners Inc. purchased a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth $117,000. Finally, Quadrant Capital Group LLC purchased a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $162,000.
Invesco Bloomberg Pricing Power ETF Stock Up 0.4%
NYSEARCA:POWA traded up $0.33 during trading hours on Monday, hitting $88.39. 2,791 shares of the company traded hands, compared to its average volume of 3,639. The firm’s 50-day simple moving average is $87.37 and its 200-day simple moving average is $89.94. Invesco Bloomberg Pricing Power ETF has a one year low of $83.48 and a one year high of $93.93. The company has a market cap of $183.85 million, a PE ratio of 26.20 and a beta of 0.79.
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.
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