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

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 189 shares, a decline of 64.7% from the June 15th total of 536 shares. Based on an average trading volume of 584 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

A number of hedge funds have recently modified their holdings of PEZ. AlphaCore Capital LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter valued at approximately $986,000. Sound Income Strategies LLC acquired a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth $26,000. Trueblood Wealth Management LLC increased its holdings in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.3% in the 4th quarter. Trueblood Wealth Management LLC now owns 4,466 shares of the company’s stock valued at $464,000 after buying an additional 99 shares during the period. Genesee Capital Advisors LLC bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at $404,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the 4th quarter valued at $245,000.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

NASDAQ:PEZ opened at $100.88 on Monday. The firm’s 50-day moving average is $100.21 and its 200-day moving average is $101.78. The company has a market cap of $23.20 million, a price-to-earnings ratio of 24.30 and a beta of 1.15. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $90.81 and a 52-week high of $110.43.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.1511 per share. This represents a $0.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, June 22nd.

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. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.