Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Significant Growth in Short Interest

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 841,968 shares, an increase of 102.6% from the December 31st total of 415,487 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily volume of 954,257 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 954,257 shares, the days-to-cover ratio is presently 0.9 days. Currently, 3.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Large investors have recently made changes to their positions in the business. Wealthfront Advisers LLC raised its holdings in Invesco WilderHill Clean Energy ETF by 1.4% in the 4th quarter. Wealthfront Advisers LLC now owns 21,204 shares of the company’s stock worth $648,000 after purchasing an additional 285 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Invesco WilderHill Clean Energy ETF by 42.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock valued at $28,000 after buying an additional 425 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in Invesco WilderHill Clean Energy ETF during the 4th quarter worth approximately $27,000. Cetera Investment Advisers increased its stake in Invesco WilderHill Clean Energy ETF by 9.0% in the 2nd quarter. Cetera Investment Advisers now owns 13,880 shares of the company’s stock worth $276,000 after buying an additional 1,142 shares in the last quarter. Finally, Advisors Preferred LLC bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the third quarter valued at approximately $42,000.

Invesco WilderHill Clean Energy ETF Price Performance

PBW traded down $1.80 during trading on Friday, hitting $33.74. The stock had a trading volume of 936,545 shares, compared to its average volume of 965,407. The company has a 50 day moving average price of $32.76 and a 200-day moving average price of $29.64. Invesco WilderHill Clean Energy ETF has a one year low of $13.19 and a one year high of $36.58. The firm has a market cap of $753.75 million, a price-to-earnings ratio of 0.93 and a beta of 1.77.

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.