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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 495 shares, a drop of 14.8% from the January 15th total of 581 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 917 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 917 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 1.5%

NASDAQ PEZ traded up $1.56 during trading hours on Wednesday, hitting $106.49. The company had a trading volume of 915 shares, compared to its average volume of 1,169. The firm has a market cap of $25.56 million, a P/E ratio of 24.30 and a beta of 1.30. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a fifty-two week low of $76.23 and a fifty-two week high of $110.43. The business has a fifty day simple moving average of $106.11 and a 200-day simple moving average of $101.58.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PEZ. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth approximately $26,000. Raymond James Financial Inc. acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth $81,000. Harbour Investments Inc. boosted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 192.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,292 shares of the company’s stock worth $129,000 after acquiring an additional 850 shares during the period. Jones Financial Companies Lllp bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter worth $149,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at $245,000.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.