Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Update

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,300 shares, a growth of 333.3% from the September 15th total of 300 shares. Based on an average trading volume of 4,000 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 4,000 shares, the short-interest ratio is currently 0.3 days.

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

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 87.1% in the 1st quarter. LPL Financial LLC now owns 51,228 shares of the company’s stock valued at $5,552,000 after purchasing an additional 23,849 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at $2,777,000. Cetera Investment Advisers boosted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 20,164 shares of the company’s stock valued at $2,185,000 after purchasing an additional 4,048 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 12.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,668 shares of the company’s stock valued at $723,000 after purchasing an additional 756 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% in the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock valued at $583,000 after purchasing an additional 1,200 shares during the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

PSL stock opened at $110.92 on Friday. The stock has a market capitalization of $93.17 million, a P/E ratio of 18.50 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $100.32 and a one year high of $114.45. The company has a 50 day moving average price of $110.78 and a two-hundred day moving average price of $109.74.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.2015 dividend. This represents a $0.81 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

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.