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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,500 shares, a decrease of 28.6% from the January 31st total of 2,100 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 0.4 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Price Performance

PEZ traded down $2.16 on Tuesday, hitting $92.71. 3,626 shares of the stock were exchanged, compared to its average volume of 3,625. The firm has a market capitalization of $63.97 million, a price-to-earnings ratio of 28.64 and a beta of 1.29. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 12 month low of $85.78 and a 12 month high of $113.42. The business has a 50-day moving average of $101.79 and a two-hundred day moving average of $103.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter worth about $25,000. Harbour Investments Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at approximately $49,000. Advisory Services Network LLC acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at approximately $209,000. Cetera Investment Advisers acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at approximately $268,000. Finally, GeoWealth Management LLC increased its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 44.3% in the fourth quarter. GeoWealth Management LLC now owns 4,169 shares of the company’s stock valued at $412,000 after buying an additional 1,279 shares during the period.

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.