Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Expands By 75.4%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 335 shares, an increase of 75.4% from the July 15th total of 191 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 557 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 1.4%

NASDAQ:PEZ traded up $1.38 during trading hours on Tuesday, reaching $101.54. The company had a trading volume of 103 shares, compared to its average volume of 767. The firm has a market cap of $22.34 million, a price-to-earnings ratio of 24.30 and a beta of 1.16. The business’s 50-day simple moving average is $102.04 and its two-hundred day simple moving average is $100.83. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a twelve month low of $90.81 and a twelve 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the 1st quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after buying an additional 807 shares during the period. Goldman Sachs Group Inc. grew its stake 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 acquiring an additional 501 shares during the period. Cetera Investment Advisers increased its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock valued at $992,000 after acquiring an additional 323 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $986,000. Finally, Farther Finance Advisors LLC raised its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% during the fourth quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock worth $964,000 after purchasing an additional 225 shares during the period.

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.