Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 119.8% in February

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,471 shares, an increase of 119.8% from the February 12th total of 4,309 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 19,607 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 19,607 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

Invesco Food & Beverage ETF Stock Up 0.4%

Shares of PBJ stock opened at $48.91 on Friday. Invesco Food & Beverage ETF has a 12 month low of $42.57 and a 12 month high of $51.07. The firm has a market cap of $101.24 million, a PE ratio of 19.85 and a beta of 0.56. The stock has a 50 day moving average of $48.30 and a 200-day moving average of $46.40.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in Invesco Food & Beverage ETF by 40.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after purchasing an additional 6,445 shares during the last quarter. Howe & Rusling Inc. increased its holdings 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 during the period. Kingsview Wealth Management LLC acquired a new position in shares of Invesco Food & Beverage ETF during the third quarter valued at about $15,956,000. Mainsail Financial Group LLC raised its position in shares of Invesco Food & Beverage ETF by 6.1% during the third quarter. Mainsail Financial Group LLC now owns 96,645 shares of the company’s stock valued at $4,432,000 after buying an additional 5,557 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Invesco Food & Beverage ETF in the third quarter valued at about $1,160,000.

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.