Invesco Food & Beverage ETF (NYSEARCA:PBJ) Shares Shorted: Short Interest Down 82.9% in September

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,331 shares, a decrease of 82.9% from the September 15th total of 37,068 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 10,024 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Food & Beverage ETF Stock Down 0.4%

NYSEARCA:PBJ opened at $45.82 on Friday. The business’s 50-day moving average price is $47.04 and its 200 day moving average price is $47.98. The firm has a market cap of $85.68 million, a P/E ratio of 19.85 and a beta of 0.49. Invesco Food & Beverage ETF has a 52-week low of $42.69 and a 52-week high of $51.07.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Invesco Food & Beverage ETF by 60.6% during the first 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 last quarter. Kestra Advisory Services LLC boosted its stake in shares of 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 acquiring an additional 13,307 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Invesco Food & Beverage ETF during the 2nd quarter valued at about $224,000. Janney Montgomery Scott LLC bought a new position in shares of Invesco Food & Beverage ETF in the 1st quarter valued at approximately $202,000. Finally, Howe & Rusling Inc. raised its stake in shares of Invesco Food & Beverage ETF by 1.5% in the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after acquiring an additional 640 shares in the last quarter.

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.