Invesco Global Clean Energy ETF (NYSEARCA:PBD) Sees Large Drop in Short Interest

Invesco Global Clean Energy ETF (NYSEARCA:PBDGet Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 45,505 shares, a drop of 69.0% from the May 14th total of 146,571 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 44,730 shares, the short-interest ratio is presently 1.0 days.

Invesco Global Clean Energy ETF Price Performance

PBD stock traded up $0.11 during trading hours on Thursday, reaching $19.70. The stock had a trading volume of 38,959 shares, compared to its average volume of 61,689. The stock has a market capitalization of $197.59 million, a PE ratio of 19.47 and a beta of 1.33. The stock has a 50-day simple moving average of $20.50 and a 200 day simple moving average of $18.37. Invesco Global Clean Energy ETF has a fifty-two week low of $11.81 and a fifty-two week high of $22.58.

Institutional Trading of Invesco Global Clean Energy ETF

A number of large investors have recently added to or reduced their stakes in PBD. Wellington Shields & Co. LLC bought a new stake in Invesco Global Clean Energy ETF in the 4th quarter valued at about $415,000. Nilsine Partners LLC bought a new stake in Invesco Global Clean Energy ETF in the 4th quarter valued at about $1,477,000. HighTower Advisors LLC bought a new stake in Invesco Global Clean Energy ETF in the 4th quarter valued at about $30,845,000. Prospera Financial Services Inc bought a new stake in Invesco Global Clean Energy ETF in the 4th quarter valued at about $372,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Invesco Global Clean Energy ETF by 23.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 132,832 shares of the company’s stock valued at $2,136,000 after purchasing an additional 25,217 shares during the period.

Invesco Global Clean Energy ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco Global Clean Energy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Global Clean Energy ETF and related companies with MarketBeat.com's FREE daily email newsletter.