Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Drops By 53.6%

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) saw a large drop in short interest in 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 daily trading volume, of 6,654 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Invesco Bloomberg Pricing Power ETF

Large investors have recently bought and sold shares of the business. LPL Financial LLC raised its position in Invesco Bloomberg Pricing Power ETF by 1.4% in the fourth quarter. LPL Financial LLC now owns 268,763 shares of the company’s stock worth $24,174,000 after acquiring an additional 3,835 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco Bloomberg Pricing Power ETF by 10,296.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after acquiring an additional 216,750 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Invesco Bloomberg Pricing Power ETF by 5.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock worth $12,972,000 after acquiring an additional 6,833 shares during the period. Delos Wealth Advisors LLC raised its position in Invesco Bloomberg Pricing Power ETF by 5.9% in the third quarter. Delos Wealth Advisors LLC now owns 37,093 shares of the company’s stock worth $3,358,000 after acquiring an additional 2,082 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Invesco Bloomberg Pricing Power ETF by 249.4% during the 4th quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock valued at $2,286,000 after acquiring an additional 18,139 shares during the period.

Invesco Bloomberg Pricing Power ETF Price Performance

NYSEARCA POWA traded down $0.55 during trading hours on Tuesday, hitting $87.84. The company’s stock had a trading volume of 2,192 shares, compared to its average volume of 3,624. Invesco Bloomberg Pricing Power ETF has a 12 month low of $84.35 and a 12 month high of $93.93. The company’s 50 day simple moving average is $87.37 and its two-hundred day simple moving average is $89.94. The company has a market cap of $182.71 million, a P/E ratio of 26.20 and a beta of 0.79.

About Invesco Bloomberg Pricing Power ETF

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.