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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,500 shares, a decrease of 28.6% from the January 31st total of 2,100 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter valued at approximately $438,000. Transamerica Financial Advisors Inc. increased its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 0.3% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 146,405 shares of the company’s stock valued at $15,235,000 after purchasing an additional 397 shares during the period. Cetera Investment Advisers acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter valued at approximately $268,000. Susquehanna International Group LLP increased its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 749.4% during the 4th quarter. Susquehanna International Group LLP now owns 21,158 shares of the company’s stock valued at $2,089,000 after purchasing an additional 18,667 shares during the period. Finally, Blue Capital Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter worth approximately $509,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 2.3 %

NASDAQ:PEZ traded down $2.16 on Tuesday, reaching $92.71. 3,626 shares of the stock traded hands, compared to its average volume of 3,625. The firm has a market capitalization of $63.97 million, a price-to-earnings ratio of 28.64 and a beta of 1.29. The company’s 50 day moving average is $101.79 and its 200-day moving average is $103.06. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $85.78 and a 1-year high of $113.42.

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.