Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Free Report) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 47,103 shares, a drop of 67.7% from the April 15th total of 145,888 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 302,057 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Invesco Aerospace & Defense ETF
A number of institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares during the period. Bank of America Corp DE increased its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after purchasing an additional 160,000 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after purchasing an additional 121,776 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco Aerospace & Defense ETF by 66.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after purchasing an additional 98,597 shares during the period.
Invesco Aerospace & Defense ETF Price Performance
Shares of NYSEARCA PPA traded down $4.93 during midday trading on Friday, hitting $164.59. 152,465 shares of the company’s stock were exchanged, compared to its average volume of 306,620. Invesco Aerospace & Defense ETF has a twelve month low of $128.11 and a twelve month high of $186.30. The company has a market cap of $7.87 billion, a PE ratio of 30.91 and a beta of 0.72. The firm’s fifty day simple moving average is $171.28 and its 200-day simple moving average is $166.68.
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.
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