Invesco Global Listed Private Equity ETF (NYSEARCA:PSP – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 109,789 shares, a decline of 35.0% from the June 30th total of 169,022 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average daily volume of 23,983 shares, the days-to-cover ratio is currently 4.6 days.
Institutional Investors Weigh In On Invesco Global Listed Private Equity ETF
Several large investors have recently made changes to their positions in PSP. Triumph Capital Management raised its stake in Invesco Global Listed Private Equity ETF by 5.2% during the third quarter. Triumph Capital Management now owns 4,135 shares of the company’s stock valued at $285,000 after buying an additional 204 shares during the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of Invesco Global Listed Private Equity ETF by 1.5% during the first quarter. LFA Lugano Financial Advisors SA now owns 16,144 shares of the company’s stock valued at $912,000 after acquiring an additional 238 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Invesco Global Listed Private Equity ETF by 55.6% during the fourth quarter. Manchester Capital Management LLC now owns 700 shares of the company’s stock valued at $47,000 after acquiring an additional 250 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Invesco Global Listed Private Equity ETF by 6.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,132 shares of the company’s stock worth $230,000 after purchasing an additional 259 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Invesco Global Listed Private Equity ETF by 0.6% in the 4th quarter. Farther Finance Advisors LLC now owns 46,464 shares of the company’s stock worth $3,117,000 after purchasing an additional 280 shares during the last quarter. 70.39% of the stock is owned by hedge funds and other institutional investors.
Invesco Global Listed Private Equity ETF Stock Performance
PSP traded down $0.33 during midday trading on Friday, reaching $59.59. 8,777 shares of the company were exchanged, compared to its average volume of 60,759. The company’s fifty day moving average price is $58.18 and its 200 day moving average price is $60.29. The company has a market cap of $231.81 million, a price-to-earnings ratio of 14.07 and a beta of 1.26. Invesco Global Listed Private Equity ETF has a one year low of $54.12 and a one year high of $72.90.
About Invesco Global Listed Private Equity ETF
PowerShares Global Listed Private Equity Portfolio (the Fund) is based on the Global Listed Private Equity Index (Index). The Fund focuses to invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), which comprises the Index. The Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.
Further Reading
- Five stocks we like better than Invesco Global Listed Private Equity ETF
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Invesco Global Listed Private Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Global Listed Private Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
