Invesco DWA Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Down 18.6% in April

Invesco DWA Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 4,800 shares, a drop of 18.6% from the March 31st total of 5,900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 0.8 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in shares of Invesco DWA Consumer Staples Momentum ETF in the fourth quarter valued at approximately $125,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco DWA Consumer Staples Momentum ETF in the fourth quarter valued at approximately $207,000. Stratos Wealth Partners LTD. purchased a new position in shares of Invesco DWA Consumer Staples Momentum ETF in the first quarter valued at approximately $225,000. Sunbelt Securities Inc. purchased a new position in shares of Invesco DWA Consumer Staples Momentum ETF in the fourth quarter valued at approximately $211,000. Finally, LexAurum Advisors LLC purchased a new position in Invesco DWA Consumer Staples Momentum ETF during the fourth quarter worth approximately $222,000.

Shares of NASDAQ PSL traded down $1.18 during midday trading on Tuesday, hitting $93.59. The stock had a trading volume of 5,611 shares, compared to its average volume of 5,443. The stock has a 50 day simple moving average of $93.47 and a 200-day simple moving average of $89.13. Invesco DWA Consumer Staples Momentum ETF has a 1 year low of $61.05 and a 1 year high of $95.69.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Tuesday, March 23rd were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 22nd. This represents a $0.50 annualized dividend and a dividend yield of 0.53%.

About Invesco DWA 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.

See Also: Systematic Risk and Investors

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