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

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 293 shares, a drop of 50.4% from the December 31st total of 591 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,189 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 3,189 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Invesco Bloomberg Pricing Power ETF by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 130,296 shares of the company’s stock valued at $11,281,000 after purchasing an additional 3,621 shares during the period. Delos Wealth Advisors LLC grew its holdings in shares of Invesco Bloomberg Pricing Power ETF by 5.9% during the third quarter. Delos Wealth Advisors LLC now owns 37,093 shares of the company’s stock worth $3,358,000 after buying an additional 2,082 shares in the last quarter. Bank of America Corp DE raised its position in Invesco Bloomberg Pricing Power ETF by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock valued at $1,826,000 after buying an additional 206 shares during the last quarter. Caprock Group LLC bought a new stake in Invesco Bloomberg Pricing Power ETF in the 3rd quarter valued at approximately $1,028,000. Finally, Royal Bank of Canada boosted its position in Invesco Bloomberg Pricing Power ETF by 42.8% during the 1st quarter. Royal Bank of Canada now owns 6,391 shares of the company’s stock worth $525,000 after acquiring an additional 1,916 shares during the last quarter.

Invesco Bloomberg Pricing Power ETF Stock Down 0.7%

Invesco Bloomberg Pricing Power ETF stock opened at $93.25 on Thursday. The company has a 50 day moving average of $91.46 and a 200-day moving average of $90.25. Invesco Bloomberg Pricing Power ETF has a twelve month low of $73.16 and a twelve month high of $93.93. The stock has a market capitalization of $193.03 million, a PE ratio of 26.20 and a beta of 0.83.

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.