Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Increases By 35.2%
by Tristan Rich · The Markets DailyInvesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 591 shares, a growth of 35.2% from the December 15th total of 437 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,506 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 2,506 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Invesco Bloomberg Pricing Power ETF Trading Down 0.0%
Shares of NYSEARCA POWA traded down $0.02 during midday trading on Friday, hitting $93.66. The company’s stock had a trading volume of 752 shares, compared to its average volume of 2,914. The stock has a fifty day moving average price of $90.86 and a 200 day moving average price of $89.95. The firm has a market capitalization of $193.88 million, a price-to-earnings ratio of 26.20 and a beta of 0.83. Invesco Bloomberg Pricing Power ETF has a one year low of $73.16 and a one year high of $93.79.
Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF
Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its holdings in Invesco Bloomberg Pricing Power ETF by 9.6% during the 2nd quarter. CWM LLC now owns 1,559 shares of the company’s stock worth $135,000 after purchasing an additional 136 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.0% in the third quarter. Bank of America Corp DE now owns 20,170 shares of the company’s stock worth $1,826,000 after buying an additional 206 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,358 shares of the company’s stock worth $204,000 after buying an additional 253 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of Invesco Bloomberg Pricing Power ETF by 12.3% in the second quarter. AE Wealth Management LLC now owns 4,886 shares of the company’s stock valued at $423,000 after acquiring an additional 536 shares during the period. Finally, CX Institutional purchased a new position in Invesco Bloomberg Pricing Power ETF during the third quarter valued at approximately $66,000.
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.