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

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

Invesco Global Clean Energy ETF Stock Performance

PBD traded up $0.15 during trading on Friday, hitting $20.40. The stock had a trading volume of 19,831 shares, compared to its average volume of 61,546. The company has a market capitalization of $204.61 million, a PE ratio of 19.47 and a beta of 1.33. Invesco Global Clean Energy ETF has a twelve month low of $11.81 and a twelve month high of $22.58. The stock has a 50 day simple moving average of $20.60 and a two-hundred day simple moving average of $18.42.

Institutional Investors Weigh In On Invesco Global Clean Energy ETF

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Invesco Global Clean Energy ETF by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 105,236 shares of the company’s stock valued at $1,583,000 after acquiring an additional 1,336 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Invesco Global Clean Energy ETF in the first quarter valued at approximately $26,000. Private Advisor Group LLC boosted its stake in Invesco Global Clean Energy ETF by 6.5% in the first quarter. Private Advisor Group LLC now owns 28,640 shares of the company’s stock valued at $514,000 after acquiring an additional 1,756 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco Global Clean Energy ETF by 30.4% in the second quarter. Bank of America Corp DE now owns 11,643 shares of the company’s stock valued at $147,000 after acquiring an additional 2,714 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco Global Clean Energy ETF by 30.9% during the third quarter. Jones Financial Companies Lllp now owns 11,820 shares of the company’s stock worth $176,000 after buying an additional 2,793 shares during the period.

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.