Invesco Bloomberg Pricing Power ETF (NYSEARCA:POWA – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,146 shares, an increase of 92.3% from the July 15th total of 596 shares. Based on an average daily trading volume, of 2,766 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. IMC Chicago LLC raised its stake in shares of Invesco Bloomberg Pricing Power ETF by 9.0% during the first quarter. IMC Chicago LLC now owns 17,801 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,473 shares during the last quarter. Kestra Advisory Services LLC grew its position in Invesco Bloomberg Pricing Power ETF by 1.6% in the 1st quarter. Kestra Advisory Services LLC now owns 12,110 shares of the company’s stock valued at $1,043,000 after buying an additional 195 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Invesco Bloomberg Pricing Power ETF by 5.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 144,221 shares of the company’s stock valued at $12,972,000 after buying an additional 6,833 shares during the last quarter. Royal Bank of Canada increased its stake in Invesco Bloomberg Pricing Power ETF by 249.4% in the 4th quarter. Royal Bank of Canada now owns 25,411 shares of the company’s stock valued at $2,286,000 after buying an additional 18,139 shares during the period. Finally, Hyundai Investments Co. Ltd. acquired a new position in Invesco Bloomberg Pricing Power ETF in the 4th quarter valued at $547,000.
Invesco Bloomberg Pricing Power ETF Stock Down 1.0%
Shares of POWA stock opened at $92.38 on Tuesday. The stock’s 50-day moving average price is $89.66 and its 200 day moving average price is $89.29. The stock has a market capitalization of $181.06 million, a PE ratio of 26.20 and a beta of 0.77. Invesco Bloomberg Pricing Power ETF has a 52-week low of $84.53 and a 52-week high of $94.15.
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.
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