Short Interest in Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) Drops By 35.0%

Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 109,789 shares, a decrease of 35.0% from the June 30th total of 169,022 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 23,983 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Trading of Invesco Global Listed Private Equity ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new position in Invesco Global Listed Private Equity ETF in the fourth quarter valued at approximately $12,190,000. Citadel Advisors LLC increased its stake in shares of Invesco Global Listed Private Equity ETF by 414.5% in the 3rd quarter. Citadel Advisors LLC now owns 138,157 shares of the company’s stock valued at $9,536,000 after acquiring an additional 111,303 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Invesco Global Listed Private Equity ETF by 212.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 149,212 shares of the company’s stock valued at $10,008,000 after acquiring an additional 101,425 shares during the period. SBE LLC DBA Cedar Cove Wealth Partners acquired a new position in shares of Invesco Global Listed Private Equity ETF during the 4th quarter valued at $6,329,000. Finally, Crestwood Advisors Group LLC bought a new position in Invesco Global Listed Private Equity ETF during the fourth quarter worth $4,695,000. 70.39% of the stock is currently owned by institutional investors.

Invesco Global Listed Private Equity ETF Price Performance

Shares of NYSEARCA PSP traded down $0.33 during mid-day trading on Friday, hitting $59.59. 8,777 shares of the stock traded hands, compared to its average volume of 60,759. The company has a market cap of $231.81 million, a PE ratio of 14.07 and a beta of 1.26. Invesco Global Listed Private Equity ETF has a twelve month low of $54.12 and a twelve month high of $72.90. The firm has a 50 day simple moving average of $58.18 and a two-hundred day simple moving average of $60.29.

About Invesco Global Listed Private Equity ETF

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.