Invesco Food & Beverage ETF (NYSEARCA:PBJ) Sees Large Drop in Short Interest

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 4,309 shares, a drop of 60.0% from the January 29th total of 10,761 shares. Based on an average trading volume of 36,111 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 36,111 shares, the short-interest ratio is currently 0.1 days.

Invesco Food & Beverage ETF Stock Performance

NYSEARCA:PBJ traded up $0.50 during mid-day trading on Friday, hitting $50.97. The stock had a trading volume of 21,489 shares, compared to its average volume of 21,362. Invesco Food & Beverage ETF has a twelve month low of $42.57 and a twelve month high of $51.07. The stock has a market cap of $105.51 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. The company’s 50 day simple moving average is $47.39 and its 200 day simple moving average is $46.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Food & Beverage ETF by 40.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after acquiring an additional 6,445 shares during the last quarter. Howe & Rusling Inc. increased its holdings in shares of Invesco Food & Beverage ETF by 4.6% in the second quarter. Howe & Rusling Inc. now owns 49,099 shares of the company’s stock valued at $2,323,000 after purchasing an additional 2,167 shares during the last quarter. Principal Securities Inc. raised its position in shares of Invesco Food & Beverage ETF by 854.5% in the fourth quarter. Principal Securities Inc. now owns 15,645 shares of the company’s stock valued at $701,000 after purchasing an additional 14,006 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Invesco Food & Beverage ETF by 83.7% during the 4th quarter. Cetera Investment Advisers now owns 15,469 shares of the company’s stock worth $693,000 after buying an additional 7,047 shares during the period. Finally, IHT Wealth Management LLC bought a new position in Invesco Food & Beverage ETF in the 4th quarter valued at about $248,000.

About Invesco Food & Beverage ETF

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.