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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 189 shares, a decrease of 64.7% from the June 15th total of 536 shares. Based on an average daily volume of 584 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaCore Capital LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at $986,000. Farther Finance Advisors LLC raised its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% during the fourth quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock worth $964,000 after acquiring an additional 225 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth $26,000. Trueblood Wealth Management LLC lifted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.3% during the fourth quarter. Trueblood Wealth Management LLC now owns 4,466 shares of the company’s stock valued at $464,000 after acquiring an additional 99 shares during the period. Finally, Genesee Capital Advisors LLC bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at $404,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

Shares of PEZ opened at $100.88 on Monday. The stock has a market cap of $23.20 million, a price-to-earnings ratio of 24.30 and a beta of 1.15. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 12 month low of $90.81 and a 12 month high of $110.43. The company has a 50-day moving average price of $100.21 and a two-hundred day moving average price of $101.78.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.1511 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%.

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.