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

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,773 shares, a growth of 821.4% from the June 30th total of 518 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,663 shares, the short-interest ratio is presently 2.9 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% in the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock valued at $583,000 after buying an additional 1,200 shares during the period. US Bancorp DE acquired a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth approximately $25,000. UBS Group AG raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% during the 3rd quarter. UBS Group AG now owns 13,273 shares of the company’s stock valued at $1,459,000 after buying an additional 3,285 shares during the period. Two Sigma Investments LP acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at approximately $605,000. Finally, Ameriprise Financial Inc. acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at approximately $955,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Up 0.5%

Shares of NASDAQ:PSL opened at $112.22 on Friday. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $97.96 and a 52-week high of $117.12. The stock has a market cap of $83.04 million, a P/E ratio of 18.50 and a beta of 0.64. The business has a fifty day moving average of $111.96 and a two-hundred day moving average of $110.66.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1933 per share. This represents a $0.77 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, June 22nd.

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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.