Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) Sees Large Decline in Short Interest

Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 142,333 shares, a drop of 36.4% from the May 31st total of 223,710 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 64,639 shares, the short-interest ratio is presently 2.2 days.

Invesco Global Listed Private Equity ETF Stock Performance

Shares of NYSEARCA PSP remained flat at $57.07 during midday trading on Friday. 68,496 shares of the company were exchanged, compared to its average volume of 67,488. The firm has a market capitalization of $244.83 million, a P/E ratio of 14.07 and a beta of 1.26. The stock’s 50 day moving average is $59.20 and its 200-day moving average is $61.66. Invesco Global Listed Private Equity ETF has a fifty-two week low of $54.12 and a fifty-two week high of $72.97.

Institutional Trading of Invesco Global Listed Private Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Global Listed Private Equity ETF by 825.9% in the third quarter. JPMorgan Chase & Co. now owns 537 shares of the company’s stock valued at $37,000 after acquiring an additional 479 shares in the last quarter. Manchester Capital Management LLC lifted its position in Invesco Global Listed Private Equity ETF by 55.6% in the fourth quarter. Manchester Capital Management LLC now owns 700 shares of the company’s stock worth $47,000 after purchasing an additional 250 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Global Listed Private Equity ETF by 383.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,150 shares of the company’s stock worth $77,000 after purchasing an additional 912 shares during the period. Private Trust Co. NA boosted its stake in Invesco Global Listed Private Equity ETF by 48.1% during the 4th quarter. Private Trust Co. NA now owns 1,380 shares of the company’s stock valued at $93,000 after purchasing an additional 448 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Invesco Global Listed Private Equity ETF by 16.5% during the 3rd quarter. MAI Capital Management now owns 2,147 shares of the company’s stock valued at $148,000 after purchasing an additional 304 shares in the last quarter. 70.39% of the stock is currently owned by institutional investors.

Invesco Global Listed Private Equity ETF Company Profile

PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.