Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Up 216.7% in February

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PSL. Citadel Advisors LLC bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 4th quarter worth approximately $428,000. Bank of America Corp DE boosted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 0.4% during the fourth 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 period. Benjamin Edwards Inc. purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 4th quarter valued at about $247,000. Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the fourth quarter worth about $373,000. Finally, Wells Fargo & Company MN increased its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $1,108,000 after purchasing an additional 485 shares during the last quarter.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of NASDAQ PSL traded down $1.72 during trading on Thursday, reaching $103.37. 851 shares of the stock traded hands, compared to its average volume of 3,967. The company has a 50-day moving average of $109.09 and a 200-day moving average of $105.69. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 52-week low of $91.63 and a 52-week high of $114.45. The stock has a market capitalization of $88.89 million, a P/E ratio of 20.49 and a beta of 0.80.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid 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.