Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,626 shares, an increase of 385.4% from the July 30th total of 335 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 718 shares, the days-to-cover ratio is currently 2.3 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of PEZ traded up $0.37 during mid-day trading on Friday, reaching $98.66. The company had a trading volume of 336 shares, compared to its average volume of 742. The company’s 50-day moving average is $101.54 and its 200-day moving average is $100.52. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a twelve month low of $90.81 and a twelve month high of $110.43. The company has a market capitalization of $21.71 million, a P/E ratio of 24.30 and a beta of 1.16.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.1511 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 22nd.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several large investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter valued at approximately $81,000. Jones Financial Companies Lllp bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at approximately $149,000. Fifth Third Bancorp bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 1st quarter valued at $241,000. Goldman Sachs Group Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth about $245,000. Finally, Advisory Services Network LLC bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter worth approximately $375,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer 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 companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.