Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Sees Significant Decline in Short Interest

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 631 shares, a decline of 44.9% from the July 30th total of 1,146 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,403 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Bloomberg Pricing Power ETF Stock Performance

POWA stock traded down $0.34 during mid-day trading on Monday, reaching $90.36. 674 shares of the stock traded hands, compared to its average volume of 3,793. Invesco Bloomberg Pricing Power ETF has a one year low of $84.53 and a one year high of $94.15. The stock has a market capitalization of $177.11 million, a PE ratio of 26.20 and a beta of 0.77. The business has a 50-day moving average price of $90.44 and a two-hundred day moving average price of $89.22.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock valued at $19,684,000 after buying an additional 216,750 shares during the period. Royal Bank of Canada raised its holdings in shares of Invesco Bloomberg Pricing Power ETF by 249.4% in the fourth quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after buying an additional 18,139 shares during the period. IMC Chicago LLC bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter worth approximately $1,469,000. Mercer Global Advisors Inc. ADV lifted its stake 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 acquiring an additional 6,833 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter worth approximately $547,000.

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.