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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 869 shares, an increase of 64.0% from the September 30th total of 530 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 259 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several hedge funds have recently bought and sold shares of PEZ. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter worth approximately $107,000. Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at approximately $241,000. Genesee Capital Advisors LLC purchased a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 3rd quarter valued at $254,000. Cetera Investment Advisers grew its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after buying an additional 323 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% during the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock worth $2,491,000 after purchasing an additional 807 shares during the last quarter.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

NASDAQ:PEZ traded up $2.08 during trading hours on Monday, reaching $101.66. The company had a trading volume of 256 shares, compared to its average volume of 682. The business’s 50 day moving average price is $96.09 and its 200-day moving average price is $99.95. The firm has a market cap of $22.36 million, a PE ratio of 24.30 and a beta of 1.16. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $90.81 and a 1-year high of $110.43.

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.