Invesco Bloomberg Analyst Rating Improvers ETF (NYSEARCA:UPGD) Sees Significant Decrease in Short Interest

Invesco Bloomberg Analyst Rating Improvers ETF (NYSEARCA:UPGD) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 288 shares, a drop of 94.3% from the May 14th total of 5,093 shares. Based on an average daily volume of 1,693 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Bloomberg Analyst Rating Improvers ETF by 52,865.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 768,004 shares of the company’s stock worth $56,825,000 after acquiring an additional 766,554 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Invesco Bloomberg Analyst Rating Improvers ETF in the fourth quarter valued at approximately $46,000. Aspire Growth Partners LLC boosted its position in Invesco Bloomberg Analyst Rating Improvers ETF by 1.7% in the fourth quarter. Aspire Growth Partners LLC now owns 10,518 shares of the company’s stock valued at $778,000 after buying an additional 178 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Invesco Bloomberg Analyst Rating Improvers ETF in the fourth quarter valued at approximately $431,000. Finally, Stifel Financial Corp acquired a new position in shares of Invesco Bloomberg Analyst Rating Improvers ETF during the fourth quarter worth $251,000.

Invesco Bloomberg Analyst Rating Improvers ETF Stock Performance

NYSEARCA:UPGD traded down $0.42 during mid-day trading on Wednesday, hitting $81.04. The stock had a trading volume of 805 shares, compared to its average volume of 2,594. The stock has a market cap of $117.51 million, a price-to-earnings ratio of 20.47 and a beta of 0.92. Invesco Bloomberg Analyst Rating Improvers ETF has a twelve month low of $69.16 and a twelve month high of $82.36. The company’s 50 day simple moving average is $77.43 and its 200 day simple moving average is $76.55.

About Invesco Bloomberg Analyst Rating Improvers ETF

The Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) is an exchange-traded fund that is based on the Bloomberg ANR Improvers index. The fund tracks an equal-weighted index of large-and mid-cap US stocks that are identified to have the most improved consensus ratings based on analyst recommendations. UPGD was launched on May 19, 2006 and is issued by Invesco.