Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Large Drop in Short Interest

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 636,730 shares, a drop of 37.4% from the May 31st total of 1,017,632 shares. Based on an average daily volume of 812,623 shares, the days-to-cover ratio is presently 0.8 days. Currently, 5.3% of the shares of the stock are sold short.

Institutional Trading of Invesco WilderHill Clean Energy ETF

A number of large investors have recently made changes to their positions in the business. HighTower Advisors LLC lifted its holdings in shares of Invesco WilderHill Clean Energy ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 818,050 shares of the company’s stock valued at $24,983,000 after acquiring an additional 5,567 shares during the last quarter. Bank of America Corp DE increased its stake in Invesco WilderHill Clean Energy ETF by 33.7% during the third quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock worth $15,439,000 after acquiring an additional 134,682 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Invesco WilderHill Clean Energy ETF by 78.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,799 shares of the company’s stock valued at $14,409,000 after purchasing an additional 208,119 shares during the period. Millennium Management LLC raised its position in Invesco WilderHill Clean Energy ETF by 514.6% during the fourth quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock valued at $11,672,000 after purchasing an additional 320,000 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Invesco WilderHill Clean Energy ETF by 65.9% in the 4th quarter. LPL Financial LLC now owns 320,122 shares of the company’s stock valued at $9,777,000 after purchasing an additional 127,191 shares during the last quarter.

Invesco WilderHill Clean Energy ETF Trading Down 4.3%

PBW traded down $1.64 during trading hours on Thursday, hitting $36.48. The company’s stock had a trading volume of 530,985 shares, compared to its average volume of 929,833. The stock has a market cap of $474.24 million, a price-to-earnings ratio of 0.93 and a beta of 1.76. The business’s 50-day moving average price is $40.45 and its 200-day moving average price is $35.66. Invesco WilderHill Clean Energy ETF has a 12 month low of $21.06 and a 12 month high of $47.22.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.