Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Significant Drop in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 132,126 shares, a decline of 45.9% from the June 15th total of 244,440 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 217,521 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of the business. eCIO Inc. bought a new position in Invesco Aerospace & Defense ETF in the fourth quarter worth about $28,000. Binnacle Investments Inc grew its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. EPG Wealth Management LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd raised its position in shares of Invesco Aerospace & Defense ETF by 720.0% during the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares during the period. Finally, Bayban acquired a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $38,000.

Invesco Aerospace & Defense ETF Stock Down 1.8%

PPA stock traded down $3.08 during trading on Thursday, hitting $168.80. 150,539 shares of the company’s stock traded hands, compared to its average volume of 275,693. Invesco Aerospace & Defense ETF has a 52 week low of $142.07 and a 52 week high of $186.30. The stock has a fifty day moving average price of $172.82 and a two-hundred day moving average price of $173.01. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73.

Invesco Aerospace & Defense ETF Company Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.