Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Up 821.4% in July

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 4,773 shares, an increase of 821.4% from the June 30th total of 518 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. IMC Chicago LLC lifted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% in the first quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock valued at $7,842,000 after acquiring an additional 30,081 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 11.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,072 shares of the company’s stock valued at $2,317,000 after purchasing an additional 2,343 shares during the last quarter. UBS Group AG raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% in the 3rd quarter. UBS Group AG now owns 13,273 shares of the company’s stock valued at $1,459,000 after buying an additional 3,285 shares during the period. Maltin Wealth Management Inc. grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 82.1% in the 1st quarter. Maltin Wealth Management Inc. now owns 13,205 shares of the company’s stock valued at $1,433,000 after acquiring an additional 5,954 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 5.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,533 shares of the company’s stock worth $957,000 after buying an additional 512 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Down 0.4%

Invesco Dorsey Wright Consumer Staples Momentum ETF stock opened at $112.22 on Monday. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12-month low of $97.96 and a 12-month high of $117.12. The stock has a market cap of $83.04 million, a P/E ratio of 18.50 and a beta of 0.64. The company has a 50-day moving average price of $111.96 and a 200 day moving average price of $110.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1933 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.77 annualized dividend and a dividend yield of 0.7%.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.