Short Interest in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Decreases By 25.4%

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 520 shares, a decline of 25.4% from the December 15th total of 697 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,209 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 1,209 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at about $25,000. Janney Montgomery Scott LLC lifted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 11.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,945 shares of the company’s stock valued at $326,000 after purchasing an additional 300 shares during the period. Maltin Wealth Management Inc. boosted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 14.2% in the 4th quarter. Maltin Wealth Management Inc. now owns 7,251 shares of the company’s stock valued at $728,000 after purchasing an additional 902 shares in the last quarter. Jones Financial Companies Lllp increased its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 60.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,071 shares of the company’s stock worth $335,000 after purchasing an additional 1,157 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% during the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock worth $583,000 after buying an additional 1,200 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF stock traded down $0.10 during trading hours on Monday, hitting $107.82. The company had a trading volume of 2,282 shares, compared to its average volume of 2,517. The company’s 50-day moving average is $101.41 and its two-hundred day moving average is $106.67. The company has a market cap of $89.49 million, a P/E ratio of 18.50 and a beta of 0.69. Invesco Dorsey Wright Consumer Staples Momentum ETF has a twelve month low of $97.96 and a twelve month high of $114.45.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.2349 per share. This represents a $0.94 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.20.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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.