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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,200 shares, a drop of 37.1% from the September 15th total of 3,500 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.4 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 1.3%

Shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF stock opened at $100.21 on Wednesday. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52 week low of $76.23 and a 52 week high of $113.42. The firm has a market capitalization of $50.11 million, a P/E ratio of 24.30 and a beta of 1.29. The company has a 50 day moving average price of $100.35 and a 200 day moving average price of $95.56.

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

A number of institutional investors have recently bought and sold shares of PEZ. Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter worth approximately $2,540,000. Transamerica Financial Advisors LLC raised its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.8% during the 1st quarter. Transamerica Financial Advisors LLC now owns 156,636 shares of the company’s stock worth $13,471,000 after buying an additional 4,297 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter worth approximately $149,000. Harbour Investments Inc. raised its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 192.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,292 shares of the company’s stock worth $129,000 after buying an additional 850 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth approximately $81,000.

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.