Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Sees Large Drop in Short Interest

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 800 shares, a decrease of 63.6% from the March 15th total of 2,200 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds have recently made changes to their positions in PEZ. Susquehanna International Group LLP raised its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 749.4% during the 4th quarter. Susquehanna International Group LLP now owns 21,158 shares of the company’s stock worth $2,089,000 after purchasing an additional 18,667 shares in the last quarter. Farther Finance Advisors LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter valued at approximately $779,000. Transamerica Financial Advisors Inc. raised its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.1% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 152,339 shares of the company’s stock valued at $15,044,000 after acquiring an additional 5,934 shares in the last quarter. Blue Capital Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at approximately $509,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth approximately $438,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 0.3 %

Shares of NASDAQ PEZ traded up $0.21 during mid-day trading on Tuesday, reaching $82.68. The company had a trading volume of 618 shares, compared to its average volume of 4,826. The company has a 50-day moving average price of $91.68 and a two-hundred day moving average price of $99.90. The stock has a market cap of $49.61 million, a PE ratio of 23.85 and a beta of 1.36. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $76.23 and a 1-year high of $113.42.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies.