Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Down 40.0% in September

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 300 shares, a decline of 40.0% from the August 31st total of 500 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Institutional investors have recently made changes to their positions in the business. Rossby Financial LCC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter worth $38,000. Nova Wealth Management Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter worth $120,000. Selective Wealth Management Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter worth $203,000. Private Advisor Group LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter valued at $276,000. Finally, Janney Montgomery Scott LLC lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 11.3% in the second quarter. Janney Montgomery Scott LLC now owns 2,945 shares of the company’s stock valued at $326,000 after acquiring an additional 300 shares during the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.2%

Invesco Dorsey Wright Consumer Staples Momentum ETF stock opened at $109.20 on Friday. The stock has a market capitalization of $91.73 million, a PE ratio of 18.50 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a twelve month low of $99.80 and a twelve month high of $114.45. The company has a 50 day moving average of $110.60 and a 200-day moving average of $109.56.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.2015 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd.

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.