Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) Short Interest Down 48.3% in March

Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 326 shares, a decline of 48.3% from the March 15th total of 630 shares. Based on an average trading volume of 2,368 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Invesco Bloomberg Pricing Power ETF Price Performance

POWA stock remained flat at $88.62 during trading on Wednesday. The company’s stock had a trading volume of 5,029 shares, compared to its average volume of 3,430. The firm’s 50-day simple moving average is $89.74 and its 200 day simple moving average is $90.57. Invesco Bloomberg Pricing Power ETF has a 1 year low of $76.99 and a 1 year high of $93.93. The firm has a market cap of $185.22 million, a price-to-earnings ratio of 26.20 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of POWA. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the fourth quarter worth about $50,000. CWM LLC lifted its stake in shares of 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 purchasing an additional 123 shares in the last quarter. CX Institutional acquired a new position in shares of Invesco Bloomberg Pricing Power ETF during the third quarter worth about $66,000. PNC Financial Services Group Inc. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF in the third quarter worth about $103,000. Finally, FSA Wealth Partners Inc. acquired a new position in shares of Invesco Bloomberg Pricing Power ETF in the fourth quarter worth about $117,000.

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.