Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Large Growth in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 565 shares, an increase of 289.7% from the April 15th total of 145 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,565 shares, the short-interest ratio is presently 0.2 days.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA:POWA traded up $0.43 during trading on Thursday, hitting $86.14. The company’s stock had a trading volume of 53,528 shares, compared to its average volume of 3,716. The business has a 50 day moving average price of $87.89 and a two-hundred day moving average price of $90.24. The company has a market capitalization of $179.17 million, a PE ratio of 26.20 and a beta of 0.79. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $83.48 and a fifty-two week high of $93.93.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

Several institutional investors have recently modified their holdings of the business. IMC Chicago LLC grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 9.0% in the first quarter. IMC Chicago LLC now owns 17,801 shares of the company’s stock worth $1,534,000 after acquiring an additional 1,473 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of 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 worth $1,043,000 after purchasing an additional 195 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 5.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock worth $12,972,000 after purchasing an additional 6,833 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 249.4% during the fourth quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after purchasing an additional 18,139 shares in the last quarter. Finally, Hyundai Investments Co. Ltd. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth $547,000.

Invesco Bloomberg Pricing Power ETF Company Profile

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.