Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 16.3% in January

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,794 shares, a decline of 16.3% from the December 31st total of 8,121 shares. Based on an average trading volume of 16,609 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 16,609 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC purchased a new position in shares of Invesco Food & Beverage ETF during the 3rd quarter worth $15,956,000. Truist Financial Corp acquired a new position in Invesco Food & Beverage ETF in the second quarter valued at about $1,997,000. Bank of America Corp DE boosted its stake in Invesco Food & Beverage ETF by 83.1% during the second quarter. Bank of America Corp DE now owns 77,833 shares of the company’s stock worth $3,683,000 after buying an additional 35,327 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Invesco Food & Beverage ETF during the third quarter valued at about $1,160,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Invesco Food & Beverage ETF during the third quarter valued at about $835,000.

Invesco Food & Beverage ETF Price Performance

Shares of PBJ traded up $0.44 during mid-day trading on Wednesday, reaching $49.36. The stock had a trading volume of 6,135 shares, compared to its average volume of 13,980. Invesco Food & Beverage ETF has a 52-week low of $42.57 and a 52-week high of $49.52. The firm has a market cap of $101.19 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. The business’s fifty day moving average is $45.72 and its 200 day moving average is $46.03.

About Invesco Food & Beverage ETF

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.