Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Down 45.9% in June

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 132,126 shares, a decrease of 45.9% from the June 15th total of 244,440 shares. Based on an average trading volume of 217,521 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PPA. Ashton Thomas Securities LLC purchased a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $1,919,000. Western Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 59.7% during the fourth quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock worth $2,060,000 after acquiring an additional 4,917 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 50.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 12,176 shares of the company’s stock worth $1,907,000 after acquiring an additional 4,105 shares during the period. Brookwood Investment Group LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $535,000. Finally, Kovack Advisors Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 964.9% in the fourth quarter. Kovack Advisors Inc. now owns 43,084 shares of the company’s stock valued at $6,748,000 after purchasing an additional 39,038 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $171.70 on Wednesday. The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $142.07 and a fifty-two week high of $186.30. The firm’s 50-day simple moving average is $172.71 and its 200 day simple moving average is $172.86.

About Invesco Aerospace & Defense ETF

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.