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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 800 shares, a drop of 63.6% from the March 15th total of 2,200 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

Shares of PEZ traded up $0.21 during trading hours on Tuesday, hitting $82.68. 618 shares of the company were exchanged, compared to its average volume of 4,826. The firm’s 50 day moving average is $91.68 and its 200-day moving average is $99.90. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52 week low of $76.23 and a 52 week high of $113.42. The company has a market cap of $49.61 million, a PE ratio of 23.85 and a beta of 1.36.

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

A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 749.4% in the 4th quarter. Susquehanna International Group LLP now owns 21,158 shares of the company’s stock valued at $2,089,000 after buying an additional 18,667 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the first quarter valued at about $779,000. Transamerica Financial Advisors Inc. lifted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 4.1% during the 4th quarter. Transamerica Financial Advisors Inc. now owns 152,339 shares of the company’s stock worth $15,044,000 after purchasing an additional 5,934 shares during the last quarter. Blue Capital Inc. bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter valued at approximately $509,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at approximately $438,000.

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.