Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Short Interest Up 102.6% in January

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 841,968 shares, a growth of 102.6% from the December 31st total of 415,487 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily trading volume, of 954,257 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 954,257 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.7% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of Invesco WilderHill Clean Energy ETF during the third quarter worth $23,465,000. BNP Paribas Financial Markets increased its holdings in Invesco WilderHill Clean Energy ETF by 107.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock worth $5,962,000 after purchasing an additional 154,712 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco WilderHill Clean Energy ETF by 33.7% during the 3rd quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock worth $15,439,000 after purchasing an additional 134,682 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Invesco WilderHill Clean Energy ETF in the 3rd quarter valued at about $3,848,000. Finally, Tidal Investments LLC bought a new stake in shares of Invesco WilderHill Clean Energy ETF in the third quarter valued at about $3,226,000.

Invesco WilderHill Clean Energy ETF Price Performance

Shares of Invesco WilderHill Clean Energy ETF stock opened at $33.74 on Friday. The company has a market capitalization of $753.75 million, a P/E ratio of 0.93 and a beta of 1.77. The business has a 50-day moving average of $32.76 and a two-hundred day moving average of $29.69. Invesco WilderHill Clean Energy ETF has a 1 year low of $13.19 and a 1 year high of $36.58.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.