Short Interest in Invesco Food & Beverage ETF (NYSEARCA:PBJ) Expands By 23.8%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 8,121 shares, an increase of 23.8% from the December 15th total of 6,562 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 10,256 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 10,256 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Trading of Invesco Food & Beverage ETF

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Invesco Food & Beverage ETF by 21.4% during the 1st quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock worth $835,000 after acquiring an additional 3,207 shares during the period. Jones Financial Companies Lllp lifted its holdings in Invesco Food & Beverage ETF by 231.6% in the first 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 during the period. Goldman Sachs Group Inc. grew its position in Invesco Food & Beverage ETF by 32.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock valued at $1,852,000 after buying an additional 9,811 shares in the last quarter. Mainsail Financial Group LLC grew its position in Invesco Food & Beverage ETF by 4.7% in the 2nd quarter. Mainsail Financial Group LLC now owns 91,088 shares of the company’s stock valued at $4,308,000 after buying an additional 4,080 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in Invesco Food & Beverage ETF during the 2nd quarter valued at about $1,997,000.

Invesco Food & Beverage ETF Stock Down 0.6%

NYSEARCA PBJ traded down $0.30 on Friday, hitting $46.34. The stock had a trading volume of 33,056 shares, compared to its average volume of 18,051. The company’s 50-day moving average is $44.92 and its two-hundred day moving average is $46.08. Invesco Food & Beverage ETF has a one year low of $42.57 and a one year high of $49.33. The stock has a market cap of $95.46 million, a price-to-earnings 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.