Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 48.3% in March

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 326 shares, a decline of 48.3% from the March 15th total of 630 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,368 shares, the short-interest ratio is presently 0.1 days.

Invesco Bloomberg Pricing Power ETF Stock Up 1.2%

Invesco Bloomberg Pricing Power ETF stock traded up $1.03 during midday trading on Monday, reaching $88.40. The company’s stock had a trading volume of 975 shares, compared to its average volume of 3,408. The business has a 50-day simple moving average of $89.88 and a 200-day simple moving average of $90.58. The company has a market cap of $184.76 million, a P/E ratio of 26.20 and a beta of 0.83. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $76.99 and a fifty-two week high of $93.93.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in Invesco Bloomberg Pricing Power ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 268,763 shares of the company’s stock valued at $24,174,000 after purchasing an additional 3,835 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after buying an additional 216,750 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Invesco Bloomberg Pricing Power ETF by 5.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock worth $12,972,000 after buying an additional 6,833 shares during the last quarter. Delos Wealth Advisors LLC boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 5.9% in the 3rd quarter. Delos Wealth Advisors LLC now owns 37,093 shares of the company’s stock valued at $3,358,000 after buying an additional 2,082 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 249.4% in the 4th quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock valued at $2,286,000 after buying an additional 18,139 shares in the last quarter.

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.