Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Stock Short Interest Declines 37.1%

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,430 shares, a drop of 37.1% from the September 15th total of 2,273 shares. Based on an average daily volume of 1,224 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are short sold.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of NASDAQ:PSL traded up $0.17 on Friday, hitting $114.29. 538 shares of the company’s stock were exchanged, compared to its average volume of 1,778. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12 month low of $97.96 and a 12 month high of $117.28. The stock has a market capitalization of $82.29 million, a price-to-earnings ratio of 18.50 and a beta of 0.65. The business’s 50 day simple moving average is $111.85 and its two-hundred day simple moving average is $111.70.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were issued a $0.1652 dividend. The ex-dividend date was Monday, September 21st. This is a drop from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Maltin Wealth Management Inc. increased its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.0% during the third quarter. Maltin Wealth Management Inc. now owns 14,964 shares of the company’s stock valued at $1,592,000 after buying an additional 580 shares during the period. Compass Financial Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter worth approximately $30,000. IMC Chicago LLC lifted its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the first quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock worth $7,842,000 after buying an additional 30,081 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the first quarter worth $230,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.