Invesco Global Clean Energy ETF (NYSEARCA:PBD) Short Interest Down 40.7% in May

Invesco Global Clean Energy ETF (NYSEARCA:PBD) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 146,571 shares, a drop of 40.7% from the April 30th total of 247,101 shares. Based on an average daily trading volume, of 72,265 shares, the short-interest ratio is presently 2.0 days. Approximately 1.5% of the shares of the stock are short sold.

Invesco Global Clean Energy ETF Trading Down 0.9%

Shares of Invesco Global Clean Energy ETF stock opened at $22.25 on Thursday. Invesco Global Clean Energy ETF has a 12-month low of $11.81 and a 12-month high of $22.58. The stock has a market cap of $223.17 million, a PE ratio of 19.47 and a beta of 1.33. The company has a 50-day moving average of $20.20 and a two-hundred day moving average of $18.20.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new position in Invesco Global Clean Energy ETF in the fourth quarter valued at about $30,845,000. Royal Bank of Canada increased its holdings in Invesco Global Clean Energy ETF by 2,798.7% in the fourth quarter. Royal Bank of Canada now owns 342,688 shares of the company’s stock valued at $5,512,000 after buying an additional 330,866 shares in the last quarter. LPL Financial LLC increased its holdings in Invesco Global Clean Energy ETF by 260.7% in the fourth quarter. LPL Financial LLC now owns 218,412 shares of the company’s stock valued at $3,513,000 after buying an additional 157,859 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Invesco Global Clean Energy ETF by 86.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 215,297 shares of the company’s stock valued at $3,245,000 after buying an additional 99,519 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Invesco Global Clean Energy ETF by 812.2% in the fourth quarter. Stifel Financial Corp now owns 169,828 shares of the company’s stock valued at $2,731,000 after buying an additional 151,210 shares in the last quarter.

Invesco Global Clean Energy ETF Company Profile

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.