Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Declines By 42.1%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 2,200 shares, a decrease of 42.1% from the February 28th total of 3,800 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Down 3.2 %

NASDAQ:PEZ traded down $2.80 during trading hours on Friday, reaching $85.86. 1,255 shares of the stock were exchanged, compared to its average volume of 4,702. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52 week low of $82.11 and a 52 week high of $113.42. The stock has a market capitalization of $59.24 million, a P/E ratio of 26.26 and a beta of 1.29. The firm has a 50 day simple moving average of $97.34 and a 200-day simple moving average of $101.68.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter worth about $268,000. Blue Capital Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $509,000. Susquehanna International Group LLP lifted its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 749.4% in the fourth quarter. Susquehanna International Group LLP now owns 21,158 shares of the company’s stock worth $2,089,000 after acquiring an additional 18,667 shares during the last quarter. GeoWealth Management LLC boosted its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% in the fourth quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock valued at $412,000 after acquiring an additional 1,279 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $209,000.

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.