Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Update

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

Hedge Funds Weigh In On Invesco Food & Beverage ETF

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

Invesco Food & Beverage ETF Stock Up 1.0%

PBJ traded up $0.50 during trading hours on Friday, hitting $50.97. 21,489 shares of the company’s stock were exchanged, compared to its average volume of 21,362. The stock has a market cap of $105.51 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. Invesco Food & Beverage ETF has a 1-year low of $42.57 and a 1-year high of $51.07. The stock’s 50-day moving average is $47.39 and its two-hundred day moving average is $46.30.

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.