Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Down 25.4% in December

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 520 shares, a decline of 25.4% from the December 15th total of 697 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,209 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 1,209 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

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

Several institutional investors have recently added to or reduced their stakes in PSL. Financial Management Professionals Inc. acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the second quarter valued at approximately $2,777,000. Ameriprise Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at $955,000. Two Sigma Investments LP acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at $605,000. J.W. Cole Advisors Inc. grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 94.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,543 shares of the company’s stock valued at $939,000 after buying an additional 4,154 shares during the last quarter. Finally, UBS Group AG raised its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% during the 3rd quarter. UBS Group AG now owns 13,273 shares of the company’s stock worth $1,459,000 after acquiring an additional 3,285 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.1%

Invesco Dorsey Wright Consumer Staples Momentum ETF stock traded down $0.10 during midday trading on Friday, reaching $107.82. The company’s stock had a trading volume of 2,282 shares, compared to its average volume of 2,517. Invesco Dorsey Wright Consumer Staples Momentum ETF has a fifty-two week low of $97.96 and a fifty-two week high of $114.45. The company has a market cap of $89.49 million, a P/E ratio of 18.50 and a beta of 0.69. The business has a 50-day simple moving average of $101.41 and a 200-day simple moving average of $106.67.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.2349 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.94 annualized dividend and a dividend yield of 0.9%. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.20.

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.