Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Sees Large Decline in Short Interest

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 576 shares, a decrease of 64.6% from the August 15th total of 1,626 shares. Based on an average daily trading volume, of 418 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter worth $149,000. Goldman Sachs Group Inc. increased its holdings 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 buying an additional 501 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter valued at $81,000. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% in the second quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock valued at $2,464,000 after buying an additional 282 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter worth about $916,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 1.3%

NASDAQ:PEZ traded up $1.23 during mid-day trading on Friday, hitting $95.31. The stock had a trading volume of 808 shares, compared to its average volume of 752. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a twelve month low of $90.81 and a twelve month high of $110.43. The stock has a 50-day simple moving average of $100.00 and a two-hundred day simple moving average of $99.85. The company has a market capitalization of $20.97 million, a PE ratio of 24.30 and a beta of 1.15.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.