Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 77.0% in August

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,967 shares, a drop of 77.0% from the July 30th total of 17,251 shares. Based on an average daily volume of 51,362 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Invesco Food & Beverage ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in Invesco Food & Beverage ETF by 60.6% during the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock valued at $4,148,000 after acquiring an additional 31,967 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco Food & Beverage ETF by 75.9% in the fourth quarter. Royal Bank of Canada now owns 53,648 shares of the company’s stock worth $2,404,000 after acquiring an additional 23,142 shares during the period. Howe & Rusling Inc. boosted its holdings in shares of Invesco Food & Beverage ETF by 1.5% in the first quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after acquiring an additional 640 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Invesco Food & Beverage ETF by 32.2% in the first quarter. Goldman Sachs Group Inc. now owns 40,282 shares of the company’s stock valued at $1,852,000 after purchasing an additional 9,811 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Invesco Food & Beverage ETF in the third quarter valued at $1,160,000.

Invesco Food & Beverage ETF Stock Up 0.8%

Invesco Food & Beverage ETF stock traded up $0.37 during mid-day trading on Friday, reaching $48.19. 5,209 shares of the company’s stock were exchanged, compared to its average volume of 20,435. The business’s fifty day simple moving average is $47.97 and its 200 day simple moving average is $48.64. Invesco Food & Beverage ETF has a one year low of $42.69 and a one year high of $51.07. The firm has a market capitalization of $108.91 million, a PE ratio of 19.85 and a beta of 0.48.

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.