Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Up 56.1% in March

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 295 shares, an increase of 56.1% from the February 26th total of 189 shares. Based on an average daily volume of 1,687 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF stock traded down $0.12 during trading hours on Friday, hitting $107.62. 1,221 shares of the company’s stock traded hands, compared to its average volume of 2,327. The company has a fifty day simple moving average of $111.06 and a 200-day simple moving average of $106.92. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12-month low of $97.96 and a 12-month high of $117.12. The stock has a market capitalization of $89.32 million, a price-to-earnings ratio of 18.50 and a beta of 0.69.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. increased its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 6.8% in the fourth quarter. Benjamin Edwards Inc. now owns 2,511 shares of the company’s stock worth $252,000 after purchasing an additional 160 shares during the last quarter. Capital Analysts LLC lifted 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 purchasing an additional 169 shares during the last quarter. US Bancorp DE bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at $25,000. Kestra Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter worth $44,000. Finally, Wells Fargo & Company MN grew its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 5.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,533 shares of the company’s stock worth $957,000 after buying an additional 512 shares in the last quarter.

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.