Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Update

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,309 shares, a drop of 60.0% from the January 29th total of 10,761 shares. Based on an average trading volume of 36,111 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 36,111 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Food & Beverage ETF Price Performance

NYSEARCA PBJ opened at $50.97 on Friday. Invesco Food & Beverage ETF has a 1-year low of $42.57 and a 1-year high of $51.07. The firm has a market capitalization of $105.51 million, a P/E ratio of 19.85 and a beta of 0.56. The business’s 50-day simple moving average is $47.50 and its 200-day simple moving average is $46.31.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new position in shares of Invesco Food & Beverage ETF in the 4th quarter valued at $40,000. Commonwealth Equity Services LLC increased its holdings in Invesco Food & Beverage ETF by 10.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,976 shares of the company’s stock valued at $805,000 after purchasing an additional 1,740 shares in the last quarter. Advisory Services Network LLC purchased a new position in Invesco Food & Beverage ETF in the third quarter valued at about $80,000. Kestra Advisory Services LLC acquired a new position in shares of Invesco Food & Beverage ETF during the fourth quarter worth about $83,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco Food & Beverage ETF by 231.6% during the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after purchasing an additional 1,948 shares in the last quarter.

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.