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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,800 shares, an increase of 153.3% from the February 13th total of 1,500 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the shares of the company are sold short.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Up 3.2 %

PEZ stock traded up $2.60 during trading on Friday, reaching $85.10. 6,792 shares of the stock were exchanged, compared to its average volume of 4,852. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a twelve month low of $82.11 and a twelve month high of $113.42. The company has a market capitalization of $58.72 million, a P/E ratio of 25.44 and a beta of 1.29. The stock has a 50 day simple moving average of $99.84 and a 200-day simple moving average of $102.40.

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

A number of institutional investors have recently added to or reduced their stakes in PEZ. Global Retirement Partners LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $25,000. Harbour Investments Inc. acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth about $49,000. Advisory Services Network LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $209,000. Cetera Investment Advisers acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $268,000. Finally, GeoWealth Management LLC boosted its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% during the fourth quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock valued at $412,000 after purchasing an additional 1,279 shares in the last quarter.

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.