Short Interest in Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Declines By 57.7%

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 630 shares, a drop of 57.7% from the February 26th total of 1,491 shares. Based on an average daily volume of 2,714 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Bloomberg Pricing Power ETF Trading Down 1.3%

POWA traded down $1.12 during trading hours on Friday, hitting $84.89. 1,639 shares of the company’s stock were exchanged, compared to its average volume of 3,618. The firm has a market cap of $179.97 million, a P/E ratio of 26.20 and a beta of 0.83. Invesco Bloomberg Pricing Power ETF has a 12-month low of $73.16 and a 12-month high of $93.93. The firm has a 50 day moving average of $91.15 and a 200 day moving average of $90.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Bloomberg Pricing Power ETF by 10,296.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 218,855 shares of the company’s stock worth $19,684,000 after purchasing an additional 216,750 shares during the last quarter. Royal Bank of Canada raised its holdings in Invesco Bloomberg Pricing Power ETF by 249.4% during the fourth quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock worth $2,286,000 after purchasing an additional 18,139 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 4th quarter worth approximately $1,469,000. Caprock Group LLC purchased a new stake in shares of Invesco Bloomberg Pricing Power ETF during the 3rd quarter worth approximately $1,028,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in shares of Invesco Bloomberg Pricing Power ETF by 5.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock valued at $12,972,000 after buying an additional 6,833 shares in the last quarter.

Invesco Bloomberg Pricing Power ETF Company Profile

The Invesco Bloomberg Pricing Power ETF (POWA) is an exchange-traded fund that is based on the Bloomberg Pricing Power index. The fund selects US large- and mid-cap stocks of companies considered well-positioned to maintain stable profit margins in all market conditions. Stocks satisfying a four factor screening process are included in the index, on an equal-weight basis POWA was launched on Dec 15, 2006 and is issued by Invesco.