Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Significant Growth in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,146 shares, an increase of 92.3% from the July 15th total of 596 shares. Based on an average daily volume of 2,766 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

A number of hedge funds have recently made changes to their positions in POWA. IFC & Insurance Marketing Inc. bought a new stake in Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at about $50,000. CWM LLC increased its stake in shares of Invesco Bloomberg Pricing Power ETF by 21.0% in the fourth quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after purchasing an additional 123 shares during the period. FSA Wealth Partners Inc. acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter valued at approximately $117,000. Quadrant Capital Group LLC bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter valued at approximately $162,000. Finally, Calton & Associates Inc. raised its holdings in shares of Invesco Bloomberg Pricing Power ETF by 6.3% during the fourth quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock valued at $214,000 after buying an additional 140 shares during the last quarter.

Invesco Bloomberg Pricing Power ETF Stock Down 0.4%

POWA traded down $0.35 on Friday, reaching $93.36. The company had a trading volume of 1,181 shares, compared to its average volume of 3,903. Invesco Bloomberg Pricing Power ETF has a 1 year low of $84.53 and a 1 year high of $94.15. The stock has a market capitalization of $182.99 million, a PE ratio of 26.20 and a beta of 0.77. The stock has a 50-day moving average price of $89.56 and a 200-day moving average price of $89.33.

About Invesco Bloomberg Pricing Power ETF

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.