Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 60.0% in February

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 4,309 shares, a decrease of 60.0% from the January 29th total of 10,761 shares. Based on an average daily trading volume, of 36,111 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 36,111 shares, the days-to-cover ratio is currently 0.1 days.

Invesco Food & Beverage ETF Stock Up 1.0%

Shares of PBJ traded up $0.50 during midday trading on Friday, reaching $50.97. 21,489 shares of the stock were exchanged, compared to its average volume of 21,362. Invesco Food & Beverage ETF has a twelve month low of $42.57 and a twelve month high of $51.07. The company has a market cap of $105.51 million, a P/E ratio of 19.85 and a beta of 0.56. The stock’s 50 day simple moving average is $47.50 and its 200 day simple moving average is $46.31.

Institutional Trading of Invesco Food & Beverage ETF

A number of institutional investors have recently modified their holdings of PBJ. Kingsview Wealth Management LLC acquired a new position in Invesco Food & Beverage ETF in the third quarter valued at about $15,956,000. Mainsail Financial Group LLC grew its stake in Invesco Food & Beverage ETF by 3.6% during the fourth quarter. Mainsail Financial Group LLC now owns 100,150 shares of the company’s stock worth $4,487,000 after buying an additional 3,505 shares in the last quarter. Bank of America Corp DE increased its holdings in Invesco Food & Beverage ETF by 83.1% in the 2nd quarter. Bank of America Corp DE now owns 77,833 shares of the company’s stock valued at $3,683,000 after buying an additional 35,327 shares during the period. Royal Bank of Canada increased its holdings in Invesco Food & Beverage ETF by 75.9% in the 4th quarter. Royal Bank of Canada now owns 53,648 shares of the company’s stock valued at $2,404,000 after buying an additional 23,142 shares during the period. Finally, Howe & Rusling Inc. raised its position in shares of Invesco Food & Beverage ETF by 4.6% in the 2nd quarter. Howe & Rusling Inc. now owns 49,099 shares of the company’s stock valued at $2,323,000 after buying an additional 2,167 shares in the last quarter.

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.