Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Update

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 134 shares, a decrease of 78.8% from the August 15th total of 631 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,281 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Bloomberg Pricing Power ETF Price Performance

Invesco Bloomberg Pricing Power ETF stock traded up $1.04 during mid-day trading on Friday, hitting $88.19. 1,964 shares of the company were exchanged, compared to its average volume of 3,697. Invesco Bloomberg Pricing Power ETF has a 12-month low of $84.53 and a 12-month high of $94.15. The business’s 50 day simple moving average is $90.59 and its two-hundred day simple moving average is $89.02. The company has a market capitalization of $172.85 million, a P/E ratio of 26.20 and a beta of 0.76.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Several hedge funds have recently modified their holdings of POWA. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after purchasing an additional 216,750 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco Bloomberg Pricing Power ETF by 249.4% during the fourth quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after buying an additional 18,139 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Invesco Bloomberg Pricing Power ETF by 5.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock worth $12,972,000 after buying an additional 6,833 shares during the period. Hyundai Investments Co. Ltd. acquired a new stake in Invesco Bloomberg Pricing Power ETF in the 4th quarter worth about $547,000. Finally, Citadel Advisors LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF in the 3rd quarter worth about $415,000.

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.