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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 990 shares, an increase of 48.9% from the February 26th total of 665 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,001 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Silver Oak Securities Incorporated bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the third quarter worth $2,540,000. Bank of America Corp DE lifted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock valued at $2,464,000 after acquiring an additional 282 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,411 shares of the company’s stock worth $1,334,000 after purchasing an additional 616 shares during the period. Goldman Sachs Group Inc. increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% during 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. Finally, Cetera Investment Advisers increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 9,964 shares of the company’s stock worth $1,036,000 after purchasing an additional 174 shares in the last quarter.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 1.9%

Shares of NASDAQ:PEZ traded down $1.85 during trading on Friday, hitting $93.24. 1,054 shares of the company’s stock traded hands, compared to its average volume of 1,059. The company has a 50-day moving average price of $102.37 and a 200-day moving average price of $101.52. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52 week low of $76.23 and a 52 week high of $110.43. The company has a market cap of $22.38 million, a price-to-earnings ratio of 24.30 and a beta of 1.30.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0985 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

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.