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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 990 shares, an increase of 48.9% from the February 26th total of 665 shares. Based on an average daily volume of 1,001 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PEZ. Sound Income Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter worth about $26,000. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 2nd quarter worth approximately $81,000. Jones Financial Companies Lllp bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 1st quarter valued at approximately $149,000. Goldman Sachs Group Inc. bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at approximately $245,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter valued at approximately $375,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 1.9%

PEZ stock traded down $1.85 during midday trading on Friday, hitting $93.24. 1,054 shares of the company’s stock were exchanged, compared to its average volume of 1,059. The stock has a market capitalization of $22.38 million, a price-to-earnings ratio of 24.30 and a beta of 1.30. The firm has a 50 day moving average price of $102.37 and a 200-day moving average price of $101.52. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 12-month low of $76.23 and a 12-month high of $110.43.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.0985 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.39 annualized dividend and a yield of 0.4%.

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.