Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,626 shares, an increase of 385.4% from the July 30th total of 335 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 718 shares, the short-interest ratio is currently 2.3 days.
Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. AlphaCore Capital LLC acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $986,000. Two Sigma Investments LP bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter valued at $916,000. Advisory Services Network LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the third quarter worth about $375,000. Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter worth $241,000. Finally, Goldman Sachs Group Inc. bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at about $245,000.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance
PEZ remained flat at $98.97 during trading on Wednesday. The company’s stock had a trading volume of 255 shares, compared to its average volume of 752. The stock has a market cap of $21.77 million, a PE ratio of 24.30 and a beta of 1.16. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52 week low of $90.81 and a 52 week high of $110.43. The business has a fifty day simple moving average of $101.64 and a 200 day simple moving average of $100.60.
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend
Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile
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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