Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 16.3% in January

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 6,794 shares, a drop of 16.3% from the December 31st total of 8,121 shares. Based on an average daily trading volume, of 16,609 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 16,609 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Invesco Food & Beverage ETF by 21.4% during the first quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock worth $835,000 after buying an additional 3,207 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Invesco Food & Beverage ETF by 231.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock valued at $128,000 after acquiring an additional 1,948 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Invesco Food & Beverage ETF by 32.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock valued at $1,852,000 after purchasing an additional 9,811 shares during the last quarter. Truist Financial Corp bought a new position in Invesco Food & Beverage ETF during the second quarter worth $1,997,000. Finally, Stratos Wealth Advisors LLC acquired a new position in shares of Invesco Food & Beverage ETF in the second quarter valued at $242,000.

Invesco Food & Beverage ETF Stock Performance

NYSEARCA PBJ traded up $0.16 during trading on Monday, hitting $48.03. The stock had a trading volume of 2,696 shares, compared to its average volume of 14,288. Invesco Food & Beverage ETF has a 12 month low of $42.57 and a 12 month high of $49.33. The company’s 50-day moving average price is $45.56 and its two-hundred day moving average price is $46.03. The company has a market capitalization of $98.45 million, a PE ratio of 19.85 and a beta of 0.56.

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.