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 increase in short interest in February. As of February 15th, there was short interest totalling 1,800 shares, an increase of 100.0% from the January 31st total of 900 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 0.6 days.

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

Several hedge funds have recently made changes to their positions in PSL. Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 265.2% in the fourth quarter. Jones Financial Companies Lllp now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 183 shares in the last quarter. Howe & Rusling Inc. purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at $41,000. Global Retirement Partners LLC grew its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% in the fourth quarter. Global Retirement Partners LLC now owns 857 shares of the company’s stock valued at $90,000 after purchasing an additional 152 shares in the last quarter. Sunbelt Securities Inc. boosted 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 valued at $191,000 after buying an additional 1,871 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at $206,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 1.6 %

Shares of NASDAQ PSL traded up $1.71 during mid-day trading on Friday, hitting $111.26. The company had a trading volume of 3,105 shares, compared to its average volume of 3,521. The company has a market capitalization of $93.46 million, a price-to-earnings ratio of 22.15 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 1 year low of $91.63 and a 1 year high of $114.45. The stock’s 50-day moving average price is $108.79 and its 200-day moving average price is $105.20.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.2084 dividend. The ex-dividend date 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.