Invesco Global Clean Energy ETF (NYSEARCA:PBD) Shares Shorted: Short Interest Down 53.9% in September

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 59,827 shares, a decrease of 53.9% from the August 31st total of 129,915 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 153,906 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Global Clean Energy ETF Stock Performance

Shares of PBD stock traded up $0.05 during trading hours on Wednesday, hitting $16.79. 14,388 shares of the company were exchanged, compared to its average volume of 82,722. The stock has a market capitalization of $114.68 million, a price-to-earnings ratio of 19.47 and a beta of 1.36. Invesco Global Clean Energy ETF has a one year low of $14.98 and a one year high of $22.58. The business’s 50-day simple moving average is $17.67 and its two-hundred day simple moving average is $18.99.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in Invesco Global Clean Energy ETF in the first quarter worth $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Global Clean Energy ETF in the 2nd quarter worth about $74,000. PFG Investments LLC bought a new position in shares of Invesco Global Clean Energy ETF in the 1st quarter worth about $206,000. Princeton Global Asset Management LLC boosted its holdings in shares of Invesco Global Clean Energy ETF by 74.8% in the 1st quarter. Princeton Global Asset Management LLC now owns 11,718 shares of the company’s stock valued at $210,000 after buying an additional 5,013 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Global Clean Energy ETF in the 2nd quarter valued at about $272,000.

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.