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

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,700 shares, a growth of 216.7% from the February 13th total of 1,800 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the company’s stock are short sold.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Shares of NASDAQ:PSL traded up $1.61 during midday trading on Friday, reaching $104.74. 1,215 shares of the company’s stock traded hands, compared to its average volume of 3,957. Invesco Dorsey Wright Consumer Staples Momentum ETF has a one year low of $91.63 and a one year high of $114.45. The company has a market cap of $87.98 million, a price-to-earnings ratio of 20.49 and a beta of 0.73. The stock has a 50 day moving average of $109.05 and a 200 day moving average of $105.68.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2084 per share. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter valued at approximately $428,000. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 0.4% during the 4th quarter. Bank of America Corp DE now owns 29,980 shares of the company’s stock valued at $3,146,000 after buying an additional 113 shares during the last quarter. Benjamin Edwards Inc. bought a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 4th quarter valued at $247,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter worth $373,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $1,108,000 after buying an additional 485 shares during the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

PowerShares Dynamic Consumer Staples Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Staples Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer staples companies.