Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Large Increase in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 354 shares, a growth of 555.6% from the September 30th total of 54 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 10,069 shares, the days-to-cover ratio is presently 0.0 days.

Invesco Bloomberg Pricing Power ETF Trading Down 0.6%

Shares of POWA stock traded down $0.55 during mid-day trading on Tuesday, reaching $91.42. The stock had a trading volume of 2,962 shares, compared to its average volume of 3,902. Invesco Bloomberg Pricing Power ETF has a 52-week low of $84.53 and a 52-week high of $94.15. The firm has a market capitalization of $166.39 million, a PE ratio of 26.20 and a beta of 0.76. The stock’s 50-day moving average price is $89.34 and its two-hundred day moving average price is $89.54.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

Large investors have recently made changes to their positions in the business. FSA Wealth Partners Inc. bought a new stake in Invesco Bloomberg Pricing Power ETF during the 3rd quarter valued at about $25,000. Sigma Planning Corp purchased a new stake in Invesco Bloomberg Pricing Power ETF during the third quarter valued at $619,000. Simplicity Wealth LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 61.0% in the third quarter. Simplicity Wealth LLC now owns 4,287 shares of the company’s stock worth $370,000 after buying an additional 1,625 shares during the last quarter. Mosley Wealth Management grew its position in shares of Invesco Bloomberg Pricing Power ETF by 12.6% during the 3rd quarter. Mosley Wealth Management now owns 14,119 shares of the company’s stock valued at $1,282,000 after acquiring an additional 1,576 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Invesco Bloomberg Pricing Power ETF in the second quarter worth about $39,000.

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.