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

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 182,325 shares, an increase of 22.9% from the February 26th total of 148,300 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 431,434 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Aerospace & Defense ETF Stock Up 1.9%

Shares of NYSEARCA:PPA traded up $3.03 during trading on Tuesday, hitting $163.14. 98,654 shares of the company were exchanged, compared to its average volume of 322,781. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $186.30. The company has a market capitalization of $7.31 billion, a P/E ratio of 30.91 and a beta of 0.87. The business’s 50 day moving average is $175.83 and its 200-day moving average is $163.12.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Invesco Aerospace & Defense ETF by 189.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 44,007 shares of the company’s stock worth $6,893,000 after purchasing an additional 28,822 shares during the last quarter. World Investment Advisors increased its stake in shares of Invesco Aerospace & Defense ETF by 26.5% in the fourth quarter. World Investment Advisors now owns 2,248 shares of the company’s stock valued at $352,000 after buying an additional 471 shares during the period. Green Ridge Wealth Planning LLC bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $4,556,000. Bayban bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $38,000. Finally, SHP Wealth Management acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $113,000.

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.