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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 189 shares, a decrease of 64.7% from the June 15th total of 536 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 584 shares, the short-interest ratio is presently 0.3 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

NASDAQ PEZ traded down $0.14 during trading on Tuesday, hitting $99.79. The stock had a trading volume of 614 shares, compared to its average volume of 799. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a one year low of $90.81 and a one year high of $110.43. The stock has a 50 day simple moving average of $100.19 and a 200 day simple moving average of $101.69. The stock has a market capitalization of $22.95 million, a price-to-earnings ratio of 24.30 and a beta of 1.15.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter valued at approximately $149,000. Goldman Sachs Group Inc. grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% in the first quarter. Goldman Sachs Group Inc. now owns 12,078 shares of the company’s stock worth $1,039,000 after purchasing an additional 501 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth $81,000. Bank of America Corp DE increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 24,768 shares of the company’s stock worth $2,464,000 after purchasing an additional 282 shares during the period. Finally, Two Sigma Investments LP bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter valued at $916,000.

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.