Short Interest in Invesco Food & Beverage ETF (NYSEARCA:PBJ) Drops By 39.1%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 6,562 shares, a decline of 39.1% from the November 30th total of 10,778 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 16,503 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 16,503 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in Invesco Food & Beverage ETF during the 1st quarter worth approximately $51,000. Howe & Rusling Inc. grew its stake in shares of Invesco Food & Beverage ETF by 2.7% in the first quarter. Howe & Rusling Inc. now owns 46,932 shares of the company’s stock valued at $2,157,000 after acquiring an additional 1,251 shares in the last quarter. Advisory Services Network LLC bought a new position in Invesco Food & Beverage ETF during the third quarter worth about $80,000. Jones Financial Companies Lllp raised its stake in Invesco Food & Beverage ETF by 231.6% in the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after purchasing an additional 1,948 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Invesco Food & Beverage ETF by 21.4% in the 1st quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock valued at $835,000 after purchasing an additional 3,207 shares during the period.

Invesco Food & Beverage ETF Stock Down 0.1%

Shares of NYSEARCA PBJ traded down $0.03 during trading hours on Friday, hitting $45.16. The company had a trading volume of 10,883 shares, compared to its average volume of 12,170. Invesco Food & Beverage ETF has a 1-year low of $42.57 and a 1-year high of $49.33. The firm’s 50 day moving average is $44.65 and its 200-day moving average is $46.30. The stock has a market capitalization of $101.61 million, a P/E ratio of 19.85 and a beta of 0.56.

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.