Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Short Interest Declines 82.9%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,331 shares, a decrease of 82.9% from the September 15th total of 37,068 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 10,024 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Invesco Food & Beverage ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC purchased a new position in shares of Invesco Food & Beverage ETF during the 2nd quarter worth about $224,000. Parallel Advisors LLC boosted its position in shares of Invesco Food & Beverage ETF by 139.1% in the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after acquiring an additional 573 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Food & Beverage ETF by 60.6% in the first quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after acquiring an additional 31,967 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Invesco Food & Beverage ETF by 720.5% in the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after purchasing an additional 13,307 shares during the period. Finally, Howe & Rusling Inc. grew its holdings in Invesco Food & Beverage ETF by 1.5% in the first quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after purchasing an additional 640 shares during the period.

Invesco Food & Beverage ETF Stock Performance

NYSEARCA PBJ traded up $0.45 during trading hours on Monday, hitting $46.27. 4,573 shares of the company’s stock were exchanged, compared to its average volume of 22,564. The business’s 50 day moving average is $47.02 and its 200-day moving average is $47.97. Invesco Food & Beverage ETF has a 12-month low of $42.69 and a 12-month high of $51.07. The firm has a market capitalization of $105.96 million, a P/E ratio of 19.85 and a beta of 0.49.

About Invesco Food & Beverage ETF

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.