Short Interest in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Declines By 67.7%

by · The Cerbat Gem

Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 47,103 shares, a decrease of 67.7% from the April 15th total of 145,888 shares. Based on an average trading volume of 302,057 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Hedge funds have recently made changes to their positions in the company. BOK Financial Private Wealth Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 84.2% in the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after acquiring an additional 80 shares during the period. eCIO Inc. acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth about $28,000. Binnacle Investments Inc grew its position in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. EPG Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd grew its position in Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA traded up $0.02 during mid-day trading on Thursday, hitting $169.52. The stock had a trading volume of 215,929 shares, compared to its average volume of 308,296. The company has a 50 day moving average of $171.66 and a two-hundred day moving average of $166.69. Invesco Aerospace & Defense ETF has a twelve month low of $128.11 and a twelve month high of $186.30. The firm has a market cap of $8.11 billion, a PE ratio of 30.91 and a beta of 0.72.

About Invesco Aerospace & Defense ETF

(Get Free Report)

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.

See Also