Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Sees Large Decrease in Short Interest

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 151 shares, a decrease of 48.8% from the March 15th total of 295 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,288 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 6.8% during the fourth quarter. Benjamin Edwards Inc. now owns 2,511 shares of the company’s stock valued at $252,000 after buying an additional 160 shares during the period. Capital Analysts LLC grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.8% during the fourth quarter. Capital Analysts LLC now owns 685 shares of the company’s stock valued at $69,000 after buying an additional 169 shares during the period. US Bancorp DE bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at about $25,000. Kestra Advisory Services LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter valued at about $44,000. Finally, Wells Fargo & Company MN grew its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 5.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,533 shares of the company’s stock valued at $957,000 after buying an additional 512 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.1%

PSL traded down $0.08 during trading on Tuesday, hitting $108.73. 1,794 shares of the company traded hands, compared to its average volume of 2,186. The firm has a market cap of $89.16 million, a P/E ratio of 18.50 and a beta of 0.69. The stock’s fifty day moving average is $111.04 and its 200 day moving average is $106.76. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $97.96 and a one year high of $117.12.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.2082 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.83 annualized dividend and a yield of 0.8%.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.