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

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 400 shares, a decline of 92.9% from the December 31st total of 5,600 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSL. Howe & Rusling Inc. acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth about $41,000. Sunbelt Securities Inc. raised its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock worth $191,000 after purchasing an additional 1,871 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at approximately $206,000. Maltin Wealth Management Inc. grew its holdings in Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% during the 3rd quarter. Maltin Wealth Management Inc. now owns 6,250 shares of the company’s stock valued at $636,000 after buying an additional 597 shares during the last quarter. Finally, IMC Chicago LLC increased its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 74.6% during the fourth quarter. IMC Chicago LLC now owns 18,258 shares of the company’s stock worth $1,916,000 after buying an additional 7,799 shares in the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Performance

Invesco Dorsey Wright Consumer Staples Momentum ETF stock traded down $0.24 during midday trading on Tuesday, reaching $110.17. The company’s stock had a trading volume of 5,784 shares, compared to its average volume of 3,040. Invesco Dorsey Wright Consumer Staples Momentum ETF has a fifty-two week low of $91.03 and a fifty-two week high of $111.04. The firm has a market capitalization of $96.95 million, a PE ratio of 25.07 and a beta of 0.73. The stock’s 50 day simple moving average is $107.62 and its 200 day simple moving average is $103.00.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

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

About Invesco Dorsey Wright Consumer Staples Momentum ETF

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.