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

Invesco Global Listed Private Equity ETF (NYSEARCA:PSP) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 109,789 shares, a drop of 35.0% from the June 30th total of 169,022 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily volume of 23,983 shares, the days-to-cover ratio is presently 4.6 days.

Invesco Global Listed Private Equity ETF Trading Down 0.4%

Shares of PSP stock opened at $59.66 on Friday. The company has a market capitalization of $232.08 million, a price-to-earnings ratio of 14.07 and a beta of 1.26. The firm has a 50-day moving average price of $58.16 and a 200 day moving average price of $60.29. Invesco Global Listed Private Equity ETF has a twelve month low of $54.12 and a twelve month high of $72.90.

Hedge Funds Weigh In On Invesco Global Listed Private Equity ETF

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in Invesco Global Listed Private Equity ETF by 16.9% during the second quarter. Bank of America Corp DE now owns 314,298 shares of the company’s stock worth $21,639,000 after acquiring an additional 45,355 shares during the last quarter. Endowment Wealth Management Inc. raised its holdings in Invesco Global Listed Private Equity ETF by 5.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 203,555 shares of the company’s stock valued at $13,653,000 after acquiring an additional 10,673 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Invesco Global Listed Private Equity ETF during the 4th quarter worth $12,190,000. Axxcess Wealth Management LLC lifted its stake in shares of Invesco Global Listed Private Equity ETF by 212.2% during the 4th quarter. Axxcess Wealth Management LLC now owns 149,212 shares of the company’s stock worth $10,008,000 after purchasing an additional 101,425 shares during the period. Finally, Aletheian Wealth Advisors LLC boosted its holdings in shares of Invesco Global Listed Private Equity ETF by 11.2% during the second quarter. Aletheian Wealth Advisors LLC now owns 146,352 shares of the company’s stock worth $8,152,000 after purchasing an additional 14,773 shares during the last quarter. Institutional investors and hedge funds own 70.39% of the company’s stock.

About Invesco Global Listed Private Equity ETF

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.