Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Short Interest Down 64.6% in August

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 576 shares, a drop of 64.6% from the August 15th total of 1,626 shares. Based on an average trading volume of 418 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the shares of the stock are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF stock opened at $95.26 on Tuesday. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $90.81 and a 52-week high of $110.43. The company has a fifty day moving average of $99.88 and a 200-day moving average of $99.77. The stock has a market capitalization of $3.81 million, a price-to-earnings ratio of 24.30 and a beta of 1.15.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 2nd quarter valued at about $107,000. Fifth Third Bancorp bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 1st quarter worth approximately $241,000. AlphaCore Capital LLC purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter worth approximately $986,000. Cetera Investment Advisers increased its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 10,287 shares of the company’s stock worth $992,000 after purchasing an additional 323 shares during the period. Finally, Bank of America Corp DE lifted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 3.2% in the first quarter. Bank of America Corp DE now owns 25,825 shares of the company’s stock valued at $2,491,000 after purchasing an additional 807 shares during the last quarter.

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.