Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 1,430 shares, a decrease of 37.1% from the September 15th total of 2,273 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,224 shares, the days-to-cover ratio is currently 1.2 days.
Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance
NASDAQ PSL opened at $114.01 on Friday. The company has a market capitalization of $82.09 million, a PE ratio of 18.50 and a beta of 0.65. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $97.96 and a 52-week high of $117.28. The company has a 50-day simple moving average of $111.87 and a 200 day simple moving average of $111.68.
Invesco Dorsey Wright Consumer Staples Momentum ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.1652 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. This is a decrease from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.1933.
Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF
Several large investors have recently modified their holdings of the stock. Maltin Wealth Management Inc. raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.0% in the 3rd quarter. Maltin Wealth Management Inc. now owns 14,964 shares of the company’s stock worth $1,592,000 after purchasing an additional 580 shares during the period. Compass Financial Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the second quarter valued at $30,000. IMC Chicago LLC grew its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 71.3% during the first quarter. IMC Chicago LLC now owns 72,244 shares of the company’s stock valued at $7,842,000 after purchasing an additional 30,081 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the first quarter worth $230,000.
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.
Featured Articles
- Five stocks we like better than Invesco Dorsey Wright Consumer Staples Momentum ETF
- 3 Stocks to Watch as Wall Street Wealth Fuels Consumer Spending
- Expecting a Market Correction? This Mega-Cap ETF Deserves a Spot on Your Watchlist
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
Receive News & Ratings for Invesco Dorsey Wright Consumer Staples Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dorsey Wright Consumer Staples Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
