Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Sees Significant Growth in Short Interest

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,300 shares, an increase of 333.3% from the September 15th total of 300 shares. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 4,000 shares, the days-to-cover ratio is presently 0.3 days.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

NASDAQ PSL opened at $110.92 on Monday. The stock has a fifty day moving average of $110.78 and a 200-day moving average of $109.74. The stock has a market capitalization of $93.17 million, a P/E ratio of 18.50 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52 week low of $100.32 and a 52 week high of $114.45.

Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.2015 dividend. This represents a $0.81 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 2nd quarter valued at approximately $2,777,000. LPL Financial LLC grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 87.1% in the 1st quarter. LPL Financial LLC now owns 51,228 shares of the company’s stock valued at $5,552,000 after purchasing an additional 23,849 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 25.1% in the 1st quarter. Cetera Investment Advisers now owns 20,164 shares of the company’s stock valued at $2,185,000 after purchasing an additional 4,048 shares during the period. Private Advisor Group LLC acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 1st quarter valued at approximately $276,000. Finally, Osaic Holdings Inc. grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% in the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock valued at $583,000 after purchasing an additional 1,200 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.