Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Drops By 67.7%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 47,103 shares, a drop of 67.7% from the April 15th total of 145,888 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 302,057 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Aerospace & Defense ETF

Several hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Invesco Aerospace & Defense ETF by 0.4% in the 4th quarter. Bank of Montreal Can now owns 13,265 shares of the company’s stock worth $2,078,000 after purchasing an additional 58 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco Aerospace & Defense ETF by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock worth $1,328,000 after purchasing an additional 60 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after purchasing an additional 61 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after purchasing an additional 62 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 3.0% in the 4th quarter. Vontobel Holding Ltd. now owns 2,134 shares of the company’s stock worth $334,000 after purchasing an additional 63 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA traded down $4.93 during mid-day trading on Friday, hitting $164.59. The company had a trading volume of 152,465 shares, compared to its average volume of 306,620. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a 12 month low of $128.11 and a 12 month high of $186.30. The firm’s 50 day simple moving average is $171.28 and its two-hundred day simple moving average is $166.68.

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.