Short Interest in Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Decreases By 26.7%

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,563,475 shares, a decrease of 26.7% from the February 26th total of 2,133,322 shares. Approximately 7.4% of the shares of the company are sold short. Based on an average daily volume of 1,156,877 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of Invesco WilderHill Clean Energy ETF

Hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC acquired a new position in shares of Invesco WilderHill Clean Energy ETF during the 4th quarter worth approximately $1,496,000. EP Wealth Advisors LLC acquired a new stake in Invesco WilderHill Clean Energy ETF during the 4th quarter valued at $232,000. Quadrature Capital Ltd lifted its holdings in Invesco WilderHill Clean Energy ETF by 244.5% during the 4th quarter. Quadrature Capital Ltd now owns 68,933 shares of the company’s stock valued at $2,105,000 after purchasing an additional 48,923 shares during the last quarter. Millennium Management LLC boosted its position in Invesco WilderHill Clean Energy ETF by 514.6% during the fourth quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock worth $11,672,000 after purchasing an additional 320,000 shares during the period. Finally, Cetera Investment Advisers boosted its position in Invesco WilderHill Clean Energy ETF by 27.9% during the fourth quarter. Cetera Investment Advisers now owns 17,108 shares of the company’s stock worth $522,000 after purchasing an additional 3,731 shares during the period.

Invesco WilderHill Clean Energy ETF Stock Performance

Invesco WilderHill Clean Energy ETF stock traded down $1.01 during midday trading on Monday, reaching $30.08. 889,819 shares of the company’s stock were exchanged, compared to its average volume of 1,026,560. Invesco WilderHill Clean Energy ETF has a 52 week low of $13.19 and a 52 week high of $36.58. The firm has a market cap of $632.58 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The stock’s 50-day simple moving average is $33.27 and its 200 day simple moving average is $32.17.

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.