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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 600 shares, a decline of 33.3% from the September 15th total of 900 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Bloomberg Pricing Power ETF Price Performance

Shares of NYSEARCA POWA opened at $91.99 on Wednesday. The company has a market cap of $194.10 million, a PE ratio of 26.20 and a beta of 0.83. Invesco Bloomberg Pricing Power ETF has a 12 month low of $73.16 and a 12 month high of $91.99. The company has a 50-day simple moving average of $89.85 and a 200-day simple moving average of $86.38.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Hedge funds have recently modified their holdings of the stock. CWM LLC boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 9.6% in the second quarter. CWM LLC now owns 1,559 shares of the company’s stock worth $135,000 after acquiring an additional 136 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,358 shares of the company’s stock worth $204,000 after acquiring an additional 253 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Invesco Bloomberg Pricing Power ETF in the second quarter worth approximately $210,000. AE Wealth Management LLC boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 12.3% in the second quarter. AE Wealth Management LLC now owns 4,886 shares of the company’s stock worth $423,000 after acquiring an additional 536 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 42.8% in the first quarter. Royal Bank of Canada now owns 6,391 shares of the company’s stock worth $525,000 after acquiring an additional 1,916 shares during the last quarter.

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.