Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 53.6% in May

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 262 shares, a drop of 53.6% from the April 30th total of 565 shares. Based on an average trading volume of 6,654 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Several hedge funds and other institutional investors have recently modified their holdings of POWA. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at approximately $50,000. CWM LLC grew its position in shares of Invesco Bloomberg Pricing Power ETF by 21.0% during the 4th quarter. CWM LLC now owns 708 shares of the company’s stock valued at $64,000 after buying an additional 123 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 3rd quarter valued at about $103,000. FSA Wealth Partners Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $117,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter valued at about $162,000.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of NYSEARCA:POWA traded up $0.24 during mid-day trading on Friday, hitting $88.06. 2,957 shares of the company traded hands, compared to its average volume of 3,648. Invesco Bloomberg Pricing Power ETF has a 52-week low of $83.48 and a 52-week high of $93.93. The firm has a market cap of $183.16 million, a P/E ratio of 26.20 and a beta of 0.79. The firm’s 50 day simple moving average is $87.34 and its 200 day simple moving average is $89.96.

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.