Short Interest in Invesco Food & Beverage ETF (NYSEARCA:PBJ) Grows By 58.4%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 10,761 shares, an increase of 58.4% from the January 15th total of 6,794 shares. Based on an average daily volume of 13,250 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 13,250 shares, the short-interest ratio is currently 0.8 days.

Invesco Food & Beverage ETF Price Performance

Shares of NYSEARCA:PBJ traded up $0.51 on Friday, reaching $50.73. 20,427 shares of the company traded hands, compared to its average volume of 21,941. Invesco Food & Beverage ETF has a fifty-two week low of $42.57 and a fifty-two week high of $50.86. The stock has a market capitalization of $105.01 million, a PE ratio of 19.85 and a beta of 0.56. The company’s 50 day moving average is $46.47 and its 200-day moving average is $46.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco Food & Beverage ETF during the third quarter valued at approximately $15,956,000. Bank of America Corp DE grew its position in Invesco Food & Beverage ETF by 83.1% during the 2nd quarter. Bank of America Corp DE now owns 77,833 shares of the company’s stock worth $3,683,000 after purchasing an additional 35,327 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Invesco Food & Beverage ETF in the third quarter valued at $1,160,000. Two Sigma Investments LP acquired a new stake in shares of Invesco Food & Beverage ETF in the third quarter worth $835,000. Finally, Principal Securities Inc. boosted its position in Invesco Food & Beverage ETF by 854.5% during the 4th quarter. Principal Securities Inc. now owns 15,645 shares of the company’s stock worth $701,000 after acquiring an additional 14,006 shares during the period.

Invesco Food & Beverage ETF Company Profile

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.