Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Rises By 153.3%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 3,800 shares, an increase of 153.3% from the February 13th total of 1,500 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 0.8 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 3.9 %

PEZ stock traded down $3.31 during mid-day trading on Thursday, hitting $82.50. The stock had a trading volume of 9,109 shares, compared to its average volume of 5,134. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $82.11 and a 1-year high of $113.42. The company has a fifty day moving average of $100.15 and a 200 day moving average of $102.54. The stock has a market capitalization of $57.75 million, a price-to-earnings ratio of 25.44 and a beta of 1.42.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth approximately $268,000. Blue Capital Inc. bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth $509,000. Susquehanna International Group LLP boosted its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 749.4% in the fourth quarter. Susquehanna International Group LLP now owns 21,158 shares of the company’s stock worth $2,089,000 after purchasing an additional 18,667 shares in the last quarter. GeoWealth Management LLC boosted its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% in the fourth quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock worth $412,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at about $209,000.

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.