Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Down 77.0% in August

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,967 shares, a drop of 77.0% from the July 30th total of 17,251 shares. Based on an average daily trading volume, of 51,362 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Invesco Food & Beverage ETF Stock Down 1.5%

Invesco Food & Beverage ETF stock traded down $0.73 during trading hours on Thursday, hitting $47.82. The stock had a trading volume of 7,421 shares, compared to its average volume of 20,528. The company has a 50-day moving average of $47.91 and a two-hundred day moving average of $48.66. The company has a market cap of $108.07 million, a PE ratio of 19.85 and a beta of 0.48. Invesco Food & Beverage ETF has a fifty-two week low of $42.69 and a fifty-two week high of $51.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of Invesco Food & Beverage ETF by 139.1% in the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after purchasing an additional 573 shares during the last quarter. Howe & Rusling Inc. boosted its position in Invesco Food & Beverage ETF by 1.5% in the first quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after buying an additional 640 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Invesco Food & Beverage ETF by 10.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,976 shares of the company’s stock valued at $805,000 after buying an additional 1,740 shares in the last quarter. Advisory Services Network LLC bought a new stake in Invesco Food & Beverage ETF during the third quarter worth about $80,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Invesco Food & Beverage ETF during the fourth quarter worth approximately $83,000.

About Invesco Food & Beverage ETF

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.