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

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 37,068 shares, an increase of 701.5% from the August 31st total of 4,625 shares. Based on an average daily volume of 33,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Invesco Food & Beverage ETF by 60.6% in the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock valued at $4,148,000 after purchasing an additional 31,967 shares during the last quarter. Howe & Rusling Inc. boosted its stake in Invesco Food & Beverage ETF by 1.5% during the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after purchasing an additional 640 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of 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 purchasing an additional 13,307 shares in the last quarter. Compass Financial Management LLC bought a new stake in Invesco Food & Beverage ETF during the second quarter worth $224,000. Finally, Janney Montgomery Scott LLC purchased a new position in Invesco Food & Beverage ETF in the first quarter valued at about $202,000.

Invesco Food & Beverage ETF Stock Down 0.1%

NYSEARCA:PBJ traded down $0.04 during mid-day trading on Friday, reaching $45.34. 5,005 shares of the company were exchanged, compared to its average volume of 20,526. The company has a fifty day moving average of $47.64 and a 200 day moving average of $48.20. Invesco Food & Beverage ETF has a 12 month low of $42.69 and a 12 month high of $51.07. The stock has a market cap of $84.79 million, a PE ratio of 19.85 and a beta of 0.48.

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.