Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Short Interest Update

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 107,589 shares, a decrease of 41.0% from the March 15th total of 182,325 shares. Based on an average daily trading volume, of 268,111 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA traded down $1.12 during trading on Wednesday, reaching $176.53. 163,534 shares of the stock traded hands, compared to its average volume of 309,572. Invesco Aerospace & Defense ETF has a 52-week low of $111.44 and a 52-week high of $186.30. The company has a 50-day moving average of $175.11 and a 200-day moving average of $164.86. The stock has a market capitalization of $8.38 billion, a P/E ratio of 30.91 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV purchased a new position in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at $414,000. Rockefeller Capital Management L.P. lifted its position in shares of Invesco Aerospace & Defense ETF by 189.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 44,007 shares of the company’s stock valued at $6,893,000 after buying an additional 28,822 shares during the last quarter. World Investment Advisors lifted its position in shares of Invesco Aerospace & Defense ETF by 26.5% during the 4th quarter. World Investment Advisors now owns 2,248 shares of the company’s stock valued at $352,000 after buying an additional 471 shares during the last quarter. Green Ridge Wealth Planning LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $4,556,000. Finally, Bayban purchased a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $38,000.

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.