Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Large Decline in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 60,695 shares, a drop of 59.8% from the December 15th total of 150,933 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 137,951 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 137,951 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Invesco Aerospace & Defense ETF

Several institutional investors have recently modified their holdings of the business. Clarius Group LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at about $362,000. ORG Partners LLC lifted its stake in Invesco Aerospace & Defense ETF by 10.3% in the fourth quarter. ORG Partners LLC now owns 4,173 shares of the company’s stock valued at $654,000 after buying an additional 390 shares during the period. Nova Wealth Management Inc. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 3.5% during the 4th quarter. Nova Wealth Management Inc. now owns 6,540 shares of the company’s stock worth $1,024,000 after buying an additional 220 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 2.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,420 shares of the company’s stock worth $692,000 after buying an additional 125 shares during the period. Finally, Stegent Equity Advisors Inc. increased its stake in shares of Invesco Aerospace & Defense ETF by 4.0% in the 4th quarter. Stegent Equity Advisors Inc. now owns 12,676 shares of the company’s stock valued at $1,985,000 after acquiring an additional 487 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.0%

NYSEARCA:PPA traded up $1.67 during mid-day trading on Wednesday, hitting $176.98. 367,903 shares of the company’s stock were exchanged, compared to its average volume of 396,918. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $177.06. The firm has a market capitalization of $7.86 billion, a P/E ratio of 30.91 and a beta of 0.87. The company has a 50 day simple moving average of $155.89 and a 200-day simple moving average of $151.81.

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.