Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Large Increase in Short Interest

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 123,176 shares, a growth of 102.9% from the December 31st total of 60,695 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 452,484 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 452,484 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $174.58 on Friday. The firm has a market cap of $7.78 billion, a P/E ratio of 30.91 and a beta of 0.87. The stock has a 50 day simple moving average of $162.25 and a two-hundred day simple moving average of $154.76. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $181.31.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its stake in Invesco Aerospace & Defense ETF by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after purchasing an additional 61 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after buying an additional 62 shares during the period. Benjamin Edwards Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 1.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,724 shares of the company’s stock valued at $891,000 after acquiring an additional 69 shares during the last quarter. National Wealth Management Group LLC boosted its holdings in Invesco Aerospace & Defense ETF by 1.3% during the 2nd quarter. National Wealth Management Group LLC now owns 5,445 shares of the company’s stock valued at $772,000 after acquiring an additional 71 shares during the period. Finally, Ellis Investment Partners LLC grew its position in Invesco Aerospace & Defense ETF by 0.5% during the 2nd quarter. Ellis Investment Partners LLC now owns 16,053 shares of the company’s stock worth $2,274,000 after acquiring an additional 73 shares during 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.