Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Down 78.9% in March

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,200 shares, a decrease of 78.9% from the February 28th total of 5,700 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 0.7 %

PSL traded up $0.70 during midday trading on Wednesday, hitting $106.92. The company’s stock had a trading volume of 1,037 shares, compared to its average volume of 2,538. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $91.63 and a 52-week high of $114.45. The firm has a 50-day moving average price of $109.11 and a two-hundred day moving average price of $106.05. The firm has a market cap of $89.81 million, a P/E ratio of 20.49 and a beta of 0.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.2207 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous dividend of $0.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSL. Jones Financial Companies Lllp increased its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 265.2% during the 4th quarter. Jones Financial Companies Lllp now owns 252 shares of the company’s stock worth $26,000 after buying an additional 183 shares during the period. Meridian Wealth Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth about $206,000. Global Retirement Partners LLC increased its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% in the fourth quarter. Global Retirement Partners LLC now owns 857 shares of the company’s stock valued at $90,000 after purchasing an additional 152 shares during the period. IMC Chicago LLC raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 74.6% during the fourth quarter. IMC Chicago LLC now owns 18,258 shares of the company’s stock valued at $1,916,000 after buying an additional 7,799 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after buying an additional 1,871 shares during the period.

About Invesco Dorsey Wright Consumer Staples Momentum ETF

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples companies.