Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Sees Large Drop in Short Interest

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,800 shares, a decrease of 37.7% from the August 15th total of 7,700 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is presently 1.0 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF stock opened at $100.03 on Friday. The company’s 50-day moving average is $95.97 and its 200 day moving average is $94.31. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $58.93 and a 1-year high of $102.33. The firm has a market capitalization of $75.02 million, a P/E ratio of 19.95 and a beta of 1.29.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the second quarter worth approximately $497,000. Scotia Capital Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at approximately $517,000. SPC Financial Inc. grew its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.5% in the first quarter. SPC Financial Inc. now owns 9,710 shares of the company’s stock worth $937,000 after purchasing an additional 416 shares during the last quarter. Genesee Capital Advisors LLC increased its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 15.0% during the second quarter. Genesee Capital Advisors LLC now owns 17,172 shares of the company’s stock worth $1,647,000 after purchasing an additional 2,243 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 42.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,210 shares of the company’s stock valued at $1,747,000 after buying an additional 5,394 shares in the last quarter.

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.