Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Short Interest Update

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 636,730 shares, a decrease of 37.4% from the May 31st total of 1,017,632 shares. Based on an average trading volume of 812,623 shares, the days-to-cover ratio is currently 0.8 days. Approximately 5.3% of the company’s shares are short sold.

Invesco WilderHill Clean Energy ETF Trading Down 4.3%

Shares of NYSEARCA PBW traded down $1.64 during midday trading on Thursday, hitting $36.48. The company’s stock had a trading volume of 530,985 shares, compared to its average volume of 929,833. The business’s 50 day moving average is $40.45 and its two-hundred day moving average is $35.66. Invesco WilderHill Clean Energy ETF has a 12-month low of $21.06 and a 12-month high of $47.22. The firm has a market cap of $474.24 million, a P/E ratio of 0.93 and a beta of 1.76.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its holdings in 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 buying an additional 55,181 shares in the last quarter. Johnson Financial Group Inc. increased its position in shares of Invesco WilderHill Clean Energy ETF by 274.9% during the first quarter. Johnson Financial Group Inc. now owns 1,436 shares of the company’s stock worth $45,000 after acquiring an additional 1,053 shares during the period. Wealthfront Advisers LLC increased its position in shares of Invesco WilderHill Clean Energy ETF by 1.2% during the first quarter. Wealthfront Advisers LLC now owns 21,460 shares of the company’s stock worth $678,000 after acquiring an additional 256 shares during the period. Nwam LLC increased its position in shares of Invesco WilderHill Clean Energy ETF by 4.8% during the first quarter. Nwam LLC now owns 32,495 shares of the company’s stock worth $1,026,000 after acquiring an additional 1,476 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the first quarter valued at approximately $211,000.

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.