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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,626 shares, a growth of 385.4% from the July 30th total of 335 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 718 shares, the days-to-cover ratio is currently 2.3 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of PEZ stock traded up $0.00 during trading hours on Thursday, reaching $99.94. 372 shares of the company were exchanged, compared to its average volume of 746. The stock’s fifty day moving average is $101.54 and its two-hundred day moving average is $100.52. The company has a market cap of $21.99 million, a price-to-earnings ratio of 24.30 and a beta of 1.16. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a fifty-two week low of $90.81 and a fifty-two week high of $110.43.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1511 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter valued at approximately $81,000. Jones Financial Companies Lllp bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter worth about $149,000. Goldman Sachs Group Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at about $245,000. Fifth Third Bancorp bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 1st quarter worth $241,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter worth $375,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

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.