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 large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,430 shares, a drop of 37.1% from the September 15th total of 2,273 shares. Based on an average trading volume of 1,224 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Several large investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter valued at approximately $30,000. Maltin Wealth Management Inc. lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.0% during the 3rd quarter. Maltin Wealth Management Inc. now owns 14,964 shares of the company’s stock valued at $1,592,000 after buying an additional 580 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter worth approximately $230,000. Finally, IMC Chicago LLC boosted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% in the 1st quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after buying an additional 30,081 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Consumer Staples Momentum ETF stock opened at $114.01 on Friday. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $97.96 and a 52-week high of $117.28. The stock’s 50-day simple moving average is $111.87 and its 200 day simple moving average is $111.68. The stock has a market capitalization of $82.09 million, a P/E ratio of 18.50 and a beta of 0.65.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Monday, September 21st were given a dividend of $0.1652 per share. This is a drop 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 yield of 0.6%. The ex-dividend date was Monday, September 21st.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

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.