Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Decreases By 42.1%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 42.1% from the February 28th total of 3,800 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of institutional investors have recently bought and sold shares of PEZ. SPC Financial Inc. boosted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.1% in the 4th quarter. SPC Financial Inc. now owns 9,701 shares of the company’s stock worth $958,000 after purchasing an additional 102 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at about $25,000. Harbour Investments Inc. bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $49,000. GeoWealth Management LLC grew its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% during the 4th quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock worth $412,000 after buying an additional 1,279 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 13.4% in the 4th quarter. LPL Financial LLC now owns 12,573 shares of the company’s stock valued at $1,242,000 after acquiring an additional 1,485 shares during the last quarter.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of NASDAQ:PEZ opened at $85.86 on Monday. The company has a 50 day moving average of $97.34 and a 200-day moving average of $101.71. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a one year low of $82.11 and a one year high of $113.42. The stock has a market cap of $59.24 million, a price-to-earnings ratio of 26.26 and a beta of 1.29.

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.