Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 148,300 shares, a decline of 25.9% from the February 12th total of 200,058 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 227,006 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 227,006 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the shares of the company are sold short.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA traded down $0.85 on Friday, reaching $173.23. The stock had a trading volume of 330,085 shares, compared to its average volume of 339,769. The stock has a market cap of $7.76 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 12-month low of $100.39 and a 12-month high of $186.30. The business’s 50-day moving average price is $176.54 and its 200 day moving average price is $161.32.

Institutional Trading of Invesco Aerospace & Defense ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. World Investment Advisors grew its position in Invesco Aerospace & Defense ETF by 26.5% during the 4th quarter. World Investment Advisors now owns 2,248 shares of the company’s stock worth $352,000 after purchasing an additional 471 shares during the last quarter. Green Ridge Wealth Planning LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $4,556,000. Bayban purchased a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $38,000. SHP Wealth Management acquired a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth about $113,000. Finally, Strategic Investment Solutions Inc. IL boosted its stake in shares of Invesco Aerospace & Defense ETF by 12.7% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 885 shares of the company’s stock worth $139,000 after buying an additional 100 shares during the period.

Invesco Aerospace & Defense ETF Company Profile

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.