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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 335 shares, a growth of 75.4% from the July 15th total of 191 shares. Based on an average trading volume of 557 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after buying an additional 807 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock worth $1,039,000 after acquiring an additional 501 shares during the period. Cetera Investment Advisers lifted its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after purchasing an additional 323 shares in the last quarter. AlphaCore Capital LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at $986,000. Finally, Farther Finance Advisors LLC boosted its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% in the 4th quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock valued at $964,000 after purchasing an additional 225 shares during the period.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of NASDAQ:PEZ traded up $0.00 during trading on Monday, hitting $101.54. 208 shares of the company were exchanged, compared to its average volume of 771. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $90.81 and a 52-week high of $110.43. The stock has a 50 day moving average of $102.00 and a 200 day moving average of $100.86. The company has a market cap of $22.34 million, a PE ratio of 24.30 and a beta of 1.16.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.1511 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%.

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. 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 companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.