Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 576 shares, a decrease of 64.6% from the August 15th total of 1,626 shares. Based on an average daily trading volume, of 418 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are sold short.
Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
Several institutional investors and hedge funds have recently modified their holdings of PEZ. AlphaCore Capital LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter worth approximately $986,000. Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the first quarter worth $241,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter worth $107,000. Bank of America Corp DE lifted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock valued at $2,491,000 after acquiring an additional 807 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock valued at $992,000 after acquiring an additional 323 shares in the last quarter.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance
NASDAQ:PEZ traded down $0.05 on Monday, reaching $95.26. The company’s stock had a trading volume of 718 shares, compared to its average volume of 752. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $90.81 and a 1-year high of $110.43. The firm has a market cap of $20.96 million, a PE ratio of 24.30 and a beta of 1.15. The business’s 50-day moving average price is $100.00 and its two-hundred day moving average price is $99.83.
About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer 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 companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.
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