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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 631 shares, a drop of 44.9% from the July 30th total of 1,146 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,403 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of hedge funds have recently modified their holdings of POWA. LPL Financial LLC boosted its stake in shares of Invesco Bloomberg Pricing Power ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 268,763 shares of the company’s stock worth $24,174,000 after acquiring an additional 3,835 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Bloomberg Pricing Power ETF by 10,296.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock valued at $19,684,000 after buying an additional 216,750 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco Bloomberg Pricing Power ETF by 5.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock valued at $12,972,000 after acquiring an additional 6,833 shares during the period. Royal Bank of Canada raised its position in Invesco Bloomberg Pricing Power ETF by 249.4% in the 4th quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after purchasing an additional 18,139 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.0% in the third quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock worth $1,826,000 after buying an additional 206 shares during the period.

Invesco Bloomberg Pricing Power ETF Stock Down 0.4%

Shares of Invesco Bloomberg Pricing Power ETF stock traded down $0.40 during trading hours on Tuesday, reaching $89.96. 1,956 shares of the stock traded hands, compared to its average volume of 3,781. The firm has a market capitalization of $176.32 million, a price-to-earnings ratio of 26.20 and a beta of 0.76. The company has a 50 day moving average price of $90.44 and a 200 day moving average price of $89.22. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $94.15.

Invesco Bloomberg Pricing Power ETF Company Profile

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.