Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Expands By 375.0%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 1,900 shares, a growth of 375.0% from the December 31st total of 400 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 0.6 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

PEZ traded up $2.09 during midday trading on Tuesday, reaching $104.69. 3,480 shares of the company’s stock were exchanged, compared to its average volume of 4,822. The business’s 50-day moving average price is $103.97 and its 200 day moving average price is $101.61. The stock has a market capitalization of $72.24 million, a PE ratio of 19.95 and a beta of 1.29. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $81.66 and a 1-year high of $113.42.

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. SPC Financial Inc. raised its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% in the second quarter. SPC Financial Inc. now owns 9,888 shares of the company’s stock valued at $949,000 after buying an additional 178 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 0.3% during the third quarter. Transamerica Financial Advisors Inc. now owns 146,405 shares of the company’s stock valued at $15,235,000 after buying an additional 397 shares in the last quarter. Silver Oak Securities Incorporated raised its position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 65.2% in the third quarter. Silver Oak Securities Incorporated now owns 21,791 shares of the company’s stock valued at $2,270,000 after purchasing an additional 8,602 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 3rd quarter worth approximately $1,743,000.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

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.