Short Interest in Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) Rises By 152.1%

Invesco Bloomberg Financial Data Providers ETF (NASDAQ:FDIQ) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,157 shares, a growth of 152.1% from the July 15th total of 459 shares. Based on an average daily volume of 2,875 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Invesco Bloomberg Financial Data Providers ETF Trading Down 0.4%

Shares of Invesco Bloomberg Financial Data Providers ETF stock traded down $0.30 during trading on Friday, reaching $72.85. The stock had a trading volume of 504 shares, compared to its average volume of 4,668. The company has a market capitalization of $531.80 million, a price-to-earnings ratio of 13.81 and a beta of 0.78. The stock has a fifty day moving average price of $69.80 and a two-hundred day moving average price of $69.79. Invesco Bloomberg Financial Data Providers ETF has a 52 week low of $55.60 and a 52 week high of $76.55.

Institutional Investors Weigh In On Invesco Bloomberg Financial Data Providers ETF

Institutional investors have recently bought and sold shares of the company. Cherry Tree Wealth Management LLC acquired a new stake in shares of Invesco Bloomberg Financial Data Providers ETF in the fourth quarter valued at approximately $31,000. Raymond James Financial Inc. acquired a new stake in Invesco Bloomberg Financial Data Providers ETF in the 2nd quarter valued at $43,000. Compass Financial Management LLC acquired a new stake in Invesco Bloomberg Financial Data Providers ETF in the 2nd quarter valued at $44,000. Kestra Advisory Services LLC acquired a new stake in Invesco Bloomberg Financial Data Providers ETF in the 4th quarter valued at $74,000. Finally, SOL Capital Management CO bought a new stake in Invesco Bloomberg Financial Data Providers ETF during the 4th quarter worth about $203,000.

About Invesco Bloomberg Financial Data Providers ETF

Invesco KBW Regional Banking ETF (NASDAQ: FDIQ) is an exchange-traded fund designed to track the performance of an index focused on regional banking companies in the United States. The fund provides investors with exposure to a diversified group of banks that typically operate across local and regional markets, offering a way to gain targeted access to the U.S. banking sector through a single security.

The ETF is managed by Invesco, a global investment management firm known for offering a wide range of funds and other investment products.