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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 664 shares, a decrease of 29.6% from the March 31st total of 943 shares. Based on an average trading volume of 678 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter valued at about $2,540,000. Bank of America Corp DE boosted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the second quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock worth $2,464,000 after acquiring an additional 282 shares during the last quarter. Osaic Holdings Inc. boosted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.8% during the second quarter. Osaic Holdings Inc. now owns 13,411 shares of the company’s stock worth $1,334,000 after acquiring an additional 616 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock valued at $1,039,000 after acquiring an additional 501 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% during the 4th quarter. Cetera Investment Advisers now owns 9,964 shares of the company’s stock valued at $1,036,000 after acquiring an additional 174 shares in the last quarter.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 1.7%

Shares of NASDAQ PEZ traded up $1.66 during midday trading on Thursday, hitting $101.25. The stock had a trading volume of 235 shares, compared to its average volume of 907. The stock has a 50 day simple moving average of $99.58 and a 200-day simple moving average of $101.37. The company has a market capitalization of $23.29 million, a PE ratio of 24.30 and a beta of 1.23. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1 year low of $86.59 and a 1 year high of $110.43.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.0985 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.39 dividend on an annualized basis and a yield of 0.4%.

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.