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

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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Down 0.9 %

PEZ traded down $0.92 during trading on Monday, hitting $96.99. 1,631 shares of the stock were exchanged, compared to its average volume of 3,576. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1-year low of $80.09 and a 1-year high of $113.42. The stock has a fifty day moving average price of $105.22 and a two-hundred day moving average price of $101.08. The firm has a market capitalization of $66.92 million, a P/E ratio of 19.95 and a beta of 1.29.

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

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 2nd quarter valued at $497,000. SPC Financial Inc. boosted its holdings 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 acquiring an additional 178 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the third quarter worth about $1,743,000. Silver Oak Securities Incorporated increased its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 65.2% during the third quarter. Silver Oak Securities Incorporated now owns 21,791 shares of the company’s stock worth $2,270,000 after acquiring an additional 8,602 shares during the period. Finally, Transamerica Financial Advisors Inc. raised its holdings 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 worth $15,235,000 after purchasing an additional 397 shares in 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.