Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 77.0% in August

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 3,967 shares, a drop of 77.0% from the July 30th total of 17,251 shares. Based on an average daily volume of 51,362 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC grew its holdings in Invesco Food & Beverage ETF by 139.1% during the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after acquiring an additional 573 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Invesco Food & Beverage ETF in the 3rd quarter valued at about $80,000. Kestra Advisory Services LLC bought a new position in shares of Invesco Food & Beverage ETF in the fourth quarter worth about $83,000. Jones Financial Companies Lllp raised its stake in shares of Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco Food & Beverage ETF during the first quarter worth approximately $202,000.

Invesco Food & Beverage ETF Stock Performance

Invesco Food & Beverage ETF stock traded down $0.73 on Thursday, reaching $47.82. The company’s stock had a trading volume of 7,421 shares, compared to its average volume of 20,528. The company has a market cap of $108.07 million, a price-to-earnings ratio of 19.85 and a beta of 0.48. The business’s fifty day moving average price is $47.91 and its 200 day moving average price is $48.66. Invesco Food & Beverage ETF has a twelve month low of $42.69 and a twelve month high of $51.07.

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.