Short Interest in Invesco Global Clean Energy ETF (NYSEARCA:PBD) Declines By 69.0%

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 45,505 shares, a drop of 69.0% from the May 14th total of 146,571 shares. Based on an average daily volume of 44,730 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Invesco Global Clean Energy ETF

A number of institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in shares of Invesco Global Clean Energy ETF in the fourth quarter worth about $30,845,000. Royal Bank of Canada raised its stake in shares of Invesco Global Clean Energy ETF by 2,798.7% during the fourth quarter. Royal Bank of Canada now owns 342,688 shares of the company’s stock worth $5,512,000 after buying an additional 330,866 shares during the last quarter. LPL Financial LLC raised its stake in shares of Invesco Global Clean Energy ETF by 260.7% during the fourth quarter. LPL Financial LLC now owns 218,412 shares of the company’s stock worth $3,513,000 after buying an additional 157,859 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco Global Clean Energy ETF by 86.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 215,297 shares of the company’s stock worth $3,245,000 after buying an additional 99,519 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Invesco Global Clean Energy ETF by 812.2% during the fourth quarter. Stifel Financial Corp now owns 169,828 shares of the company’s stock valued at $2,731,000 after purchasing an additional 151,210 shares during the period.

Invesco Global Clean Energy ETF Trading Up 0.7%

PBD stock traded up $0.15 during trading on Friday, hitting $20.40. 19,831 shares of the stock traded hands, compared to its average volume of 61,546. Invesco Global Clean Energy ETF has a one year low of $11.81 and a one year high of $22.58. The stock has a market cap of $204.61 million, a price-to-earnings ratio of 19.47 and a beta of 1.33. The company has a 50 day simple moving average of $20.60 and a 200 day simple moving average of $18.42.

Invesco Global Clean Energy ETF Company Profile

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.