Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 39.1% in December

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 6,562 shares, a drop of 39.1% from the November 30th total of 10,778 shares. Based on an average trading volume of 16,503 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 16,503 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of Invesco Food & Beverage ETF

Several large investors have recently modified their holdings of PBJ. Russell Investments Group Ltd. purchased a new position in Invesco Food & Beverage ETF in the first quarter valued at approximately $51,000. Royal Bank of Canada lifted its position in shares of Invesco Food & Beverage ETF by 21.4% during the 1st quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock valued at $835,000 after buying an additional 3,207 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco Food & Beverage ETF by 231.6% during the 1st 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 period. Goldman Sachs Group Inc. increased its holdings in Invesco Food & Beverage ETF by 32.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock worth $1,852,000 after acquiring an additional 9,811 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in Invesco Food & Beverage ETF by 2.7% in the 1st quarter. Howe & Rusling Inc. now owns 46,932 shares of the company’s stock worth $2,157,000 after acquiring an additional 1,251 shares during the last quarter.

Invesco Food & Beverage ETF Price Performance

Shares of NYSEARCA:PBJ remained flat at $45.16 during mid-day trading on Monday. 9,341 shares of the stock were exchanged, compared to its average volume of 12,158. The firm has a market cap of $101.61 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. The firm’s fifty day simple moving average is $44.64 and its two-hundred day simple moving average is $46.28. Invesco Food & Beverage ETF has a 52 week low of $42.57 and a 52 week high of $49.33.

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.