Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 23.8% in December

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 8,121 shares, a growth of 23.8% from the December 15th total of 6,562 shares. Based on an average daily trading volume, of 10,256 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 10,256 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Invesco Food & Beverage ETF

A number of institutional investors and hedge funds have recently modified their holdings of PBJ. Truist Financial Corp bought a new position in Invesco Food & Beverage ETF in the 2nd quarter worth $1,997,000. Stratos Wealth Advisors LLC bought a new stake in Invesco Food & Beverage ETF during the second quarter valued at about $242,000. Mainsail Financial Group LLC grew its position in shares of Invesco Food & Beverage ETF by 4.7% in the second quarter. Mainsail Financial Group LLC now owns 91,088 shares of the company’s stock valued at $4,308,000 after purchasing an additional 4,080 shares during the last quarter. Howe & Rusling Inc. increased its stake in shares of Invesco Food & Beverage ETF by 4.6% in the second quarter. Howe & Rusling Inc. now owns 49,099 shares of the company’s stock worth $2,323,000 after purchasing an additional 2,167 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco Food & Beverage ETF by 40.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,290 shares of the company’s stock worth $1,055,000 after purchasing an additional 6,445 shares during the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of NYSEARCA PBJ traded down $0.30 during mid-day trading on Friday, reaching $46.34. 33,056 shares of the company traded hands, compared to its average volume of 18,051. The company’s fifty day moving average is $44.92 and its two-hundred day moving average is $46.08. Invesco Food & Beverage ETF has a fifty-two week low of $42.57 and a fifty-two week high of $49.33. The stock has a market cap of $95.46 million, a PE ratio of 19.85 and a beta of 0.56.

Invesco Food & Beverage ETF Company Profile

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.