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

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

Invesco Food & Beverage ETF Stock Up 0.8%

Shares of NYSEARCA:PBJ opened at $48.19 on Friday. Invesco Food & Beverage ETF has a 12 month low of $42.69 and a 12 month high of $51.07. The company’s 50-day moving average price is $47.97 and its two-hundred day moving average price is $48.64. The firm has a market cap of $108.91 million, a P/E ratio of 19.85 and a beta of 0.48.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

A number of large investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new stake in shares of Invesco Food & Beverage ETF during the second quarter valued at approximately $224,000. Parallel Advisors LLC raised its position in Invesco Food & Beverage ETF by 139.1% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after purchasing an additional 573 shares during the last quarter. Bank of America Corp DE raised its position in Invesco Food & Beverage ETF by 60.6% in the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after purchasing an additional 31,967 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Invesco Food & Beverage ETF by 720.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock worth $742,000 after buying an additional 13,307 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in Invesco Food & Beverage ETF by 1.5% during the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after buying an additional 640 shares in the last quarter.

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.