Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Declines By 45.9%

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 132,126 shares, a drop of 45.9% from the June 15th total of 244,440 shares. Based on an average trading volume of 217,521 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of Invesco Aerospace & Defense ETF

Institutional investors and hedge funds have recently modified their holdings of 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 in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Invesco Aerospace & Defense ETF by 0.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock valued at $1,328,000 after purchasing an additional 60 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Invesco Aerospace & Defense ETF by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after buying an additional 61 shares during the last quarter. Advisors Capital Management LLC raised its holdings in Invesco Aerospace & Defense ETF by 2.3% during the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after buying an additional 62 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Invesco Aerospace & Defense ETF by 3.0% in the fourth quarter. Vontobel Holding Ltd. now owns 2,134 shares of the company’s stock valued at $334,000 after buying an additional 63 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $171.70 on Wednesday. The firm has a fifty day moving average of $172.71 and a two-hundred day moving average of $172.86. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52 week low of $142.07 and a 52 week high of $186.30.

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.