Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 122.2% in July

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 17,251 shares, a growth of 122.2% from the July 15th total of 7,765 shares. Based on an average daily trading volume, of 10,240 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Invesco Food & Beverage ETF by 60.6% during the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock valued at $4,148,000 after purchasing an additional 31,967 shares during the period. Royal Bank of Canada increased its position in Invesco Food & Beverage ETF by 75.9% in the 4th quarter. Royal Bank of Canada now owns 53,648 shares of the company’s stock worth $2,404,000 after buying an additional 23,142 shares during the period. Howe & Rusling Inc. increased its position in Invesco Food & Beverage ETF by 1.5% in 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 during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco Food & Beverage ETF by 32.2% during the first quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock worth $1,852,000 after buying an additional 9,811 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Invesco Food & Beverage ETF during the third quarter worth approximately $1,160,000.

Invesco Food & Beverage ETF Price Performance

NYSEARCA:PBJ traded up $0.01 during midday trading on Friday, reaching $48.04. The stock had a trading volume of 9,040 shares, compared to its average volume of 20,871. The stock has a market capitalization of $108.57 million, a P/E ratio of 19.85 and a beta of 0.48. Invesco Food & Beverage ETF has a 1-year low of $42.69 and a 1-year high of $51.07. The firm’s fifty day simple moving average is $47.82 and its 200-day simple moving average is $48.64.

Invesco Food & Beverage ETF Company Profile

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.