Short Interest in Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Declines By 78.9%

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a decline of 78.9% from the February 28th total of 5,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,600 shares, the short-interest ratio is currently 0.3 days.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

Shares of NASDAQ:PSL opened at $106.92 on Thursday. The business’s 50 day simple moving average is $109.12 and its 200 day simple moving average is $106.06. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 1 year low of $91.63 and a 1 year high of $114.45. The company has a market capitalization of $89.81 million, a P/E ratio of 20.49 and a beta of 0.73.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.2207 per share. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous dividend of $0.21. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSL. Jones Financial Companies Lllp lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 265.2% in the 4th quarter. Jones Financial Companies Lllp now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 183 shares during the last quarter. Meridian Wealth Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth $206,000. Global Retirement Partners LLC lifted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% in the 4th quarter. Global Retirement Partners LLC now owns 857 shares of the company’s stock worth $90,000 after purchasing an additional 152 shares during the period. IMC Chicago LLC boosted 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 valued at $1,916,000 after acquiring an additional 7,799 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the third 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 period.

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.