Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

by · The Cerbat Gem

Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 150,933 shares, a growth of 158.7% from the November 30th total of 58,342 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 135,692 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 135,692 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are sold short.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA traded down $1.16 during mid-day trading on Friday, reaching $158.94. 92,857 shares of the company’s stock were exchanged, compared to its average volume of 200,080. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $160.49. The business’s fifty day simple moving average is $153.63 and its 200-day simple moving average is $149.15. The stock has a market capitalization of $6.91 billion, a PE ratio of 30.91 and a beta of 0.87.

Institutional Trading of Invesco Aerospace & Defense ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after buying an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after buying an additional 160,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco Aerospace & Defense ETF during the second quarter valued at approximately $20,984,000. Ameriprise Financial Inc. boosted its position in Invesco Aerospace & Defense ETF by 43.6% during the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after acquiring an additional 121,776 shares during the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in Invesco Aerospace & Defense ETF by 202.4% in the 2nd quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock valued at $7,466,000 after acquiring an additional 104,139 shares during the last quarter.

Invesco Aerospace & Defense ETF Company Profile

(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