Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 122.2% in July

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 17,251 shares, an increase of 122.2% from the July 15th total of 7,765 shares. Based on an average trading volume of 10,240 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Several institutional investors have recently made changes to their positions in PBJ. Kestra Advisory Services LLC grew its position in Invesco Food & Beverage ETF by 720.5% during the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after buying an additional 13,307 shares during the period. Howe & Rusling Inc. increased its stake in shares of Invesco Food & Beverage ETF by 1.5% in the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after purchasing an additional 640 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Food & Beverage ETF in the 1st quarter worth $202,000. Bank of America Corp DE raised its holdings in Invesco Food & Beverage ETF by 83.1% in 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 during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Invesco Food & Beverage ETF by 32.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock worth $1,852,000 after purchasing an additional 9,811 shares during the period.

Invesco Food & Beverage ETF Stock Up 0.0%

NYSEARCA:PBJ traded up $0.01 on Friday, hitting $48.04. The stock had a trading volume of 9,040 shares, compared to its average volume of 20,871. The business’s 50-day simple moving average is $47.82 and its two-hundred day simple moving average is $48.64. The stock has a market cap of $108.57 million, a price-to-earnings ratio of 19.85 and a beta of 0.48. Invesco Food & Beverage ETF has a 52-week low of $42.69 and a 52-week high of $51.07.

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.