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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,267 shares, a growth of 789.0% from the May 31st total of 255 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,783 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Bloomberg Pricing Power ETF Stock Up 0.5%

POWA traded up $0.45 during trading on Friday, hitting $88.39. 2,261 shares of the company traded hands, compared to its average volume of 3,944. The firm has a market cap of $183.85 million, a P/E ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $93.93. The stock’s fifty day moving average is $87.72 and its 200 day moving average is $89.62.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. purchased a new stake in Invesco Bloomberg Pricing Power ETF during the 4th quarter worth about $50,000. CWM LLC grew its holdings in Invesco Bloomberg Pricing Power ETF by 21.0% during the 4th quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after buying an additional 123 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the third quarter valued at about $103,000. FSA Wealth Partners Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter valued at about $117,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $162,000.

About Invesco Bloomberg Pricing Power ETF

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.