Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Up 789.0% in June

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,267 shares, a growth of 789.0% from the May 31st total of 255 shares. Based on an average daily volume of 5,783 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Invesco Bloomberg Pricing Power ETF Stock Performance

Shares of POWA stock opened at $87.94 on Friday. Invesco Bloomberg Pricing Power ETF has a fifty-two week low of $84.53 and a fifty-two week high of $93.93. The stock has a 50 day simple moving average of $87.73 and a two-hundred day simple moving average of $89.63. The company has a market cap of $182.92 million, a P/E ratio of 26.20 and a beta of 0.77.

Institutional Trading of Invesco Bloomberg Pricing Power ETF

Several large investors have recently modified their holdings of POWA. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at $50,000. CWM LLC boosted its stake in Invesco Bloomberg Pricing Power ETF by 21.0% during the fourth quarter. CWM LLC now owns 708 shares of the company’s stock worth $64,000 after acquiring an additional 123 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in Invesco Bloomberg Pricing Power ETF during the third quarter worth $103,000. FSA Wealth Partners Inc. acquired a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth $117,000. Finally, Quadrant Capital Group LLC acquired a new stake in Invesco Bloomberg Pricing Power ETF in the fourth quarter worth $162,000.

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.