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

Invesco Global Clean Energy ETF (NYSEARCA:PBD) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 45,505 shares, a decrease of 69.0% from the May 14th total of 146,571 shares. Based on an average trading volume of 44,730 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Invesco Global Clean Energy ETF

Large investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in Invesco Global Clean Energy ETF in the first quarter valued at $26,000. Quantinno Capital Management LP bought a new position in Invesco Global Clean Energy ETF in the first quarter valued at $277,000. Cetera Investment Advisers grew its position in Invesco Global Clean Energy ETF by 571.4% in the first quarter. Cetera Investment Advisers now owns 117,075 shares of the company’s stock valued at $2,099,000 after purchasing an additional 99,637 shares in the last quarter. Independent Financial Group LLC bought a new position in Invesco Global Clean Energy ETF in the first quarter valued at $462,000. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Invesco Global Clean Energy ETF by 11.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 148,261 shares of the company’s stock valued at $2,658,000 after purchasing an additional 15,429 shares in the last quarter.

Invesco Global Clean Energy ETF Trading Up 0.6%

Shares of PBD stock traded up $0.11 during trading hours on Thursday, hitting $19.70. 38,959 shares of the company were exchanged, compared to its average volume of 61,689. The business has a 50 day moving average of $20.50 and a two-hundred day moving average of $18.37. Invesco Global Clean Energy ETF has a 52 week low of $11.81 and a 52 week high of $22.58. The company has a market capitalization of $197.59 million, a PE ratio of 19.47 and a beta of 1.33.

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.