Invesco Global Clean Energy ETF (NYSEARCA:PBD) Sees Large Decrease in Short Interest

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 146,571 shares, a decrease of 40.7% from the April 30th total of 247,101 shares. Based on an average daily trading volume, of 72,265 shares, the short-interest ratio is presently 2.0 days. Approximately 1.5% of the shares of the company are short sold.

Invesco Global Clean Energy ETF Stock Up 0.8%

Shares of NYSEARCA:PBD opened at $22.36 on Tuesday. Invesco Global Clean Energy ETF has a fifty-two week low of $11.64 and a fifty-two week high of $22.58. The firm has a 50-day simple moving average of $20.01 and a 200 day simple moving average of $18.12. The company has a market cap of $224.27 million, a PE ratio of 19.47 and a beta of 1.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Shields & Co. LLC bought a new position in Invesco Global Clean Energy ETF in the 4th quarter worth about $415,000. Nilsine Partners LLC bought a new position in Invesco Global Clean Energy ETF in the 4th quarter worth about $1,477,000. HighTower Advisors LLC bought a new position in Invesco Global Clean Energy ETF in the 4th quarter worth about $30,845,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Invesco Global Clean Energy ETF by 23.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 132,832 shares of the company’s stock worth $2,136,000 after purchasing an additional 25,217 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in Invesco Global Clean Energy ETF in the 4th quarter worth about $372,000.

About Invesco Global Clean Energy ETF

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.