Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Short Interest Report for September

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 1,430 shares, a decline of 37.1% from the September 15th total of 2,273 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,224 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Maltin Wealth Management Inc. lifted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.0% in the third quarter. Maltin Wealth Management Inc. now owns 14,964 shares of the company’s stock valued at $1,592,000 after acquiring an additional 580 shares during the period. Compass Financial Management LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter worth approximately $30,000. IMC Chicago LLC grew its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the 1st quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after purchasing an additional 30,081 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 1st quarter worth approximately $230,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

NASDAQ:PSL opened at $114.29 on Friday. The firm’s fifty day moving average is $111.85 and its two-hundred day moving average is $111.70. The firm has a market cap of $82.29 million, a price-to-earnings ratio of 18.50 and a beta of 0.65. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $97.96 and a one year high of $117.28.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were paid a $0.1652 dividend. The ex-dividend date was Monday, September 21st. This is a negative change from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.