Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 54 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,446 shares, the days-to-cover ratio is presently 0.0 days.
Invesco Bloomberg Pricing Power ETF Trading Down 0.4%
POWA traded down $0.33 during trading on Friday, hitting $90.45. The stock had a trading volume of 936 shares, compared to its average volume of 3,954. Invesco Bloomberg Pricing Power ETF has a 12 month low of $84.53 and a 12 month high of $94.15. The firm has a market cap of $171.85 million, a PE ratio of 26.20 and a beta of 0.76. The company has a 50 day simple moving average of $89.56 and a 200-day simple moving average of $88.72.
Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Invesco Bloomberg Pricing Power ETF during the 2nd quarter worth approximately $39,000. Hyundai Investments Co. Ltd. increased its position in shares of Invesco Bloomberg Pricing Power ETF by 12.9% during the 2nd quarter. Hyundai Investments Co. Ltd. now owns 5,804 shares of the company’s stock valued at $514,000 after purchasing an additional 664 shares during the last quarter. IMC Chicago LLC lifted its position in shares of Invesco Bloomberg Pricing Power ETF by 9.0% during the 1st quarter. IMC Chicago LLC now owns 17,801 shares of the company’s stock valued at $1,534,000 after buying an additional 1,473 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in Invesco Bloomberg Pricing Power ETF by 1.6% during the first quarter. Kestra Advisory Services LLC now owns 12,110 shares of the company’s stock valued at $1,043,000 after buying an additional 195 shares during the period.
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.
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