Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,800 shares, an increase of 100.0% from the January 31st total of 900 shares. Based on an average daily volume of 3,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 265.2% during the fourth quarter. Jones Financial Companies Lllp now owns 252 shares of the company’s stock worth $26,000 after buying an additional 183 shares in the last quarter. Howe & Rusling Inc. acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at approximately $41,000. Global Retirement Partners LLC raised its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% in the 4th quarter. Global Retirement Partners LLC now owns 857 shares of the company’s stock valued at $90,000 after buying an additional 152 shares during the last quarter. Sunbelt Securities Inc. raised its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock valued at $191,000 after buying an additional 1,871 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at approximately $206,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 1.6 %

Shares of PSL stock traded up $1.71 during trading hours on Friday, hitting $111.26. 3,105 shares of the company were exchanged, compared to its average volume of 3,521. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52 week low of $91.63 and a 52 week high of $114.45. The business has a 50 day moving average of $108.79 and a two-hundred day moving average of $105.20. The company has a market capitalization of $93.46 million, a PE ratio of 22.15 and a beta of 0.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.2084 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.