Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Update

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 384 shares, an increase of 154.3% from the January 29th total of 151 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 2,282 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 2,282 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Bloomberg Pricing Power ETF Stock Up 0.2%

POWA opened at $92.53 on Friday. The firm’s 50 day moving average is $92.23 and its 200-day moving average is $90.88. Invesco Bloomberg Pricing Power ETF has a 52-week low of $73.16 and a 52-week high of $93.93. The firm has a market capitalization of $196.16 million, a P/E ratio of 26.20 and a beta of 0.83.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of institutional investors have recently added to or reduced their stakes in POWA. Mercer Global Advisors Inc. ADV boosted its position in Invesco Bloomberg Pricing Power ETF by 5.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock valued at $12,972,000 after buying an additional 6,833 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Invesco Bloomberg Pricing Power ETF by 249.4% in the fourth quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after acquiring an additional 18,139 shares in the last quarter. Hyundai Investments Co. Ltd. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $547,000. Avant Capital LLC boosted its holdings in Invesco Bloomberg Pricing Power ETF by 1.6% in the fourth quarter. Avant Capital LLC now owns 16,235 shares of the company’s stock valued at $1,460,000 after purchasing an additional 257 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at approximately $162,000.

Invesco Bloomberg Pricing Power ETF Company Profile

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.