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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 664 shares, a drop of 29.6% from the March 31st total of 943 shares. Based on an average daily volume of 678 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Up 1.7%

Shares of PEZ stock traded up $1.66 during mid-day trading on Thursday, hitting $101.25. 235 shares of the company’s stock were exchanged, compared to its average volume of 907. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a fifty-two week low of $86.59 and a fifty-two week high of $110.43. The stock has a 50-day simple moving average of $99.64 and a two-hundred day simple moving average of $101.37. The stock has a market cap of $23.29 million, a price-to-earnings ratio of 24.30 and a beta of 1.23.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several hedge funds have recently made changes to their positions in PEZ. Jones Financial Companies Lllp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter worth $149,000. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.3% during 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter worth $81,000. Bank of America Corp DE boosted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.2% during the second 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 last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.8% during the second quarter. Osaic Holdings Inc. now owns 13,411 shares of the company’s stock worth $1,334,000 after purchasing an additional 616 shares during the last quarter.

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.