Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Increases By 385.4%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,626 shares, an increase of 385.4% from the July 30th total of 335 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 718 shares, the short-interest ratio is presently 2.3 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of PEZ remained flat at $98.97 during midday trading on Wednesday. The stock had a trading volume of 255 shares, compared to its average volume of 752. The firm has a market cap of $21.77 million, a PE ratio of 24.30 and a beta of 1.16. The company’s 50-day moving average is $101.64 and its two-hundred day moving average is $100.60. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 12-month low of $90.81 and a 12-month high of $110.43.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given 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 dividend yield of 0.6%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 1st quarter valued at $149,000. Goldman Sachs Group Inc. increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock valued at $1,039,000 after buying an additional 501 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 2nd quarter valued at approximately $81,000. Bank of America Corp DE raised its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock worth $2,464,000 after buying an additional 282 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter valued at about $916,000.

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.