Short Interest in Invesco Global Clean Energy ETF (NYSEARCA:PBD) Rises By 124.2%

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 247,101 shares, an increase of 124.2% from the April 15th total of 110,202 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily volume of 72,464 shares, the days-to-cover ratio is currently 3.4 days.

Hedge Funds Weigh In On Invesco Global Clean Energy ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC purchased a new position in shares of Invesco Global Clean Energy ETF in the 4th quarter valued at about $30,845,000. Royal Bank of Canada increased its holdings in Invesco Global Clean Energy ETF by 2,798.7% in the 4th quarter. Royal Bank of Canada now owns 342,688 shares of the company’s stock worth $5,512,000 after acquiring an additional 330,866 shares in the last quarter. LPL Financial LLC increased its holdings in Invesco Global Clean Energy ETF by 260.7% in the 4th quarter. LPL Financial LLC now owns 218,412 shares of the company’s stock worth $3,513,000 after acquiring an additional 157,859 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Invesco Global Clean Energy ETF by 86.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 215,297 shares of the company’s stock worth $3,245,000 after acquiring an additional 99,519 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Invesco Global Clean Energy ETF by 812.2% in the 4th quarter. Stifel Financial Corp now owns 169,828 shares of the company’s stock worth $2,731,000 after acquiring an additional 151,210 shares in the last quarter.

Invesco Global Clean Energy ETF Stock Down 2.4%

Shares of NYSEARCA:PBD traded down $0.52 during trading on Friday, hitting $21.23. 136,671 shares of the stock traded hands, compared to its average volume of 63,590. Invesco Global Clean Energy ETF has a 52-week low of $11.50 and a 52-week high of $22.34. The company has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $17.73. The company has a market cap of $212.94 million, a price-to-earnings ratio of 19.47 and a beta of 1.33.

About Invesco Global Clean Energy ETF

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.