Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Significant Decrease in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 60,695 shares, a decrease of 59.8% from the December 15th total of 150,933 shares. Based on an average daily trading volume, of 137,951 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 137,951 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock traded up $1.91 during midday trading on Friday, reaching $180.82. The stock had a trading volume of 476,197 shares, compared to its average volume of 454,562. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $181.31. The stock has a market capitalization of $8.03 billion, a PE ratio of 30.91 and a beta of 0.87. The stock’s 50-day simple moving average is $156.41 and its 200 day simple moving average is $151.99.

Institutional Trading of Invesco Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 1.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock worth $891,000 after buying an additional 69 shares in the last quarter. National Wealth Management Group LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 1.3% in the second quarter. National Wealth Management Group LLC now owns 5,445 shares of the company’s stock worth $772,000 after acquiring an additional 71 shares in the last quarter. Ellis Investment Partners LLC boosted its holdings in Invesco Aerospace & Defense ETF by 0.5% in the second quarter. Ellis Investment Partners LLC now owns 16,053 shares of the company’s stock valued at $2,274,000 after purchasing an additional 73 shares during the last quarter. McCollum Christoferson Group LLC boosted its holdings in Invesco Aerospace & Defense ETF by 4.1% in the fourth quarter. McCollum Christoferson Group LLC now owns 1,925 shares of the company’s stock valued at $302,000 after purchasing an additional 75 shares during the last quarter. Finally, Smith Moore & CO. grew its stake in Invesco Aerospace & Defense ETF by 3.4% during the 2nd quarter. Smith Moore & CO. now owns 2,347 shares of the company’s stock valued at $333,000 after purchasing an additional 77 shares in the last quarter.

Invesco Aerospace & Defense ETF Company Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.