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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,800 shares, an increase of 153.3% from the February 13th total of 1,500 shares. Based on an average trading volume of 4,600 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

Shares of NASDAQ:PEZ traded up $2.60 during midday trading on Friday, hitting $85.10. 6,792 shares of the stock were exchanged, compared to its average volume of 4,852. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $82.11 and a 52-week high of $113.42. The business’s fifty day simple moving average is $99.84 and its two-hundred day simple moving average is $102.40. The company has a market capitalization of $58.72 million, a PE ratio of 25.44 and a beta of 1.29.

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

Several institutional investors have recently bought and sold shares of the stock. SPC Financial Inc. raised its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.1% during the fourth quarter. SPC Financial Inc. now owns 9,701 shares of the company’s stock valued at $958,000 after buying an additional 102 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth about $25,000. Transamerica Financial Advisors Inc. increased its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 0.3% in the third quarter. Transamerica Financial Advisors Inc. now owns 146,405 shares of the company’s stock worth $15,235,000 after purchasing an additional 397 shares during the period. Harbour Investments Inc. bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth about $49,000. Finally, GeoWealth Management LLC increased its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% in the fourth quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock worth $412,000 after purchasing an additional 1,279 shares during the period.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.