Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Grows By 289.7%
by Amy Steele · The Cerbat GemInvesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 565 shares, a growth of 289.7% from the April 15th total of 145 shares. Based on an average daily volume of 2,565 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.
Invesco Bloomberg Pricing Power ETF Stock Down 0.6%
NYSEARCA:POWA traded down $0.53 during trading hours on Friday, hitting $85.61. 691 shares of the stock traded hands, compared to its average volume of 3,683. Invesco Bloomberg Pricing Power ETF has a 1 year low of $83.48 and a 1 year high of $93.93. The company has a market cap of $178.07 million, a price-to-earnings ratio of 26.20 and a beta of 0.79. The stock has a 50 day moving average price of $87.75 and a 200 day moving average price of $90.21.
Hedge Funds Weigh In On Invesco Bloomberg Pricing Power ETF
Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 268,763 shares of the company’s stock worth $24,174,000 after buying an additional 3,835 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 10,296.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after buying an additional 216,750 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 5.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock worth $12,972,000 after buying an additional 6,833 shares in the last quarter. Delos Wealth Advisors LLC lifted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 5.9% in 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. Finally, Royal Bank of Canada lifted 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 in the last quarter.
About Invesco Bloomberg Pricing Power ETF
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.