Invesco Large Cap Growth ETF (NYSEARCA:PWB) Sees Large Drop in Short Interest

Invesco Large Cap Growth ETF (NYSEARCA:PWB) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 102,576 shares, a decrease of 22.2% from the January 29th total of 131,929 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 69,806 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 69,806 shares, the short-interest ratio is presently 1.5 days. Approximately 0.9% of the company’s shares are sold short.

Institutional Trading of Invesco Large Cap Growth ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. MidFirst Bank acquired a new stake in Invesco Large Cap Growth ETF in the fourth quarter valued at approximately $31,000. Beacon Capital Management Inc. acquired a new stake in shares of Invesco Large Cap Growth ETF during the 2nd quarter valued at about $34,000. Fortitude Family Office LLC bought a new stake in Invesco Large Cap Growth ETF in the fourth quarter valued at about $40,000. CX Institutional bought a new position in Invesco Large Cap Growth ETF during the third quarter worth about $44,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Invesco Large Cap Growth ETF during the third quarter valued at approximately $45,000.

Invesco Large Cap Growth ETF Price Performance

Shares of NYSEARCA PWB opened at $135.53 on Monday. The business has a 50-day moving average of $132.81 and a 200-day moving average of $127.63. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 40.15 and a beta of 1.12. Invesco Large Cap Growth ETF has a 1-year low of $82.22 and a 1-year high of $138.48.

About Invesco Large Cap Growth ETF

The Invesco Dynamic Large Cap Growth ETF (PWB) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index that uses a multifactor selection methodology to select large-cap stocks with growth characteristics. PWB was launched on Mar 3, 2005 and is managed by Invesco.