Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Large Increase in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,146 shares, a growth of 92.3% from the July 15th total of 596 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,766 shares, the short-interest ratio is presently 0.4 days.

Invesco Bloomberg Pricing Power ETF Price Performance

POWA stock traded down $0.98 during trading on Monday, reaching $92.38. The company had a trading volume of 4,665 shares, compared to its average volume of 3,907. Invesco Bloomberg Pricing Power ETF has a 52 week low of $84.53 and a 52 week high of $94.15. The business has a 50 day moving average of $89.56 and a 200 day moving average of $89.30. The company has a market cap of $181.06 million, a P/E ratio of 26.20 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in POWA. IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at approximately $50,000. CWM LLC boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the fourth quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after purchasing an additional 123 shares in the last quarter. FSA Wealth Partners Inc. purchased a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth $117,000. Quadrant Capital Group LLC purchased a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth $162,000. Finally, Calton & Associates Inc. raised its holdings in Invesco Bloomberg Pricing Power ETF by 6.3% in the fourth quarter. Calton & Associates Inc. now owns 2,374 shares of the company’s stock worth $214,000 after purchasing an additional 140 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.