Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Sees Large Decline in Short Interest

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 576 shares, a decrease of 64.6% from the August 15th total of 1,626 shares. Based on an average daily volume of 418 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the shares of the stock are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 1.3%

PEZ traded up $1.23 on Friday, hitting $95.31. 808 shares of the company’s stock were exchanged, compared to its average volume of 752. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a fifty-two week low of $90.81 and a fifty-two week high of $110.43. The firm has a 50-day moving average price of $100.00 and a 200-day moving average price of $99.85. The stock has a market cap of $20.97 million, a price-to-earnings ratio of 24.30 and a beta of 1.15.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter valued at about $149,000. Goldman Sachs Group Inc. lifted its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock worth $1,039,000 after purchasing an additional 501 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth approximately $81,000. Bank of America Corp DE boosted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock worth $2,464,000 after purchasing an additional 282 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter valued at approximately $916,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.