Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Short Interest Down 34.4% in June

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 417,399 shares, a drop of 34.4% from the June 15th total of 636,730 shares. Based on an average daily volume of 612,167 shares, the days-to-cover ratio is currently 0.7 days. Approximately 3.4% of the shares of the stock are sold short.

Invesco WilderHill Clean Energy ETF Price Performance

Shares of Invesco WilderHill Clean Energy ETF stock opened at $33.39 on Friday. The stock’s 50 day simple moving average is $39.79 and its 200-day simple moving average is $35.94. The stock has a market cap of $411.70 million, a P/E ratio of 0.93 and a beta of 1.76. Invesco WilderHill Clean Energy ETF has a 1-year low of $21.78 and a 1-year high of $47.22.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBW. Wealthcare Advisory Partners LLC purchased a new stake in Invesco WilderHill Clean Energy ETF in the 2nd quarter valued at $331,000. Focus Financial Network Inc. purchased a new position in shares of Invesco WilderHill Clean Energy ETF during the 2nd quarter worth $234,000. Cetera Investment Advisers boosted its position in shares of Invesco WilderHill Clean Energy ETF by 322.5% during the 1st quarter. Cetera Investment Advisers now owns 72,289 shares of the company’s stock valued at $2,283,000 after acquiring an additional 55,181 shares during the last quarter. Johnson Financial Group Inc. boosted its position in shares of Invesco WilderHill Clean Energy ETF by 274.9% during the 1st quarter. Johnson Financial Group Inc. now owns 1,436 shares of the company’s stock valued at $45,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of Invesco WilderHill Clean Energy ETF by 1.2% during the 1st quarter. Wealthfront Advisers LLC now owns 21,460 shares of the company’s stock valued at $678,000 after acquiring an additional 256 shares during the last quarter.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.