Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Update

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 400 shares, a drop of 92.9% from the December 31st total of 5,600 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 0.2 days.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

PSL stock traded down $0.24 on Tuesday, hitting $110.17. 5,784 shares of the company were exchanged, compared to its average volume of 3,040. The stock has a market capitalization of $96.95 million, a price-to-earnings ratio of 25.07 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a twelve month low of $91.03 and a twelve month high of $111.04. The business’s fifty day moving average is $107.62 and its two-hundred day moving average is $103.00.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Institutional investors have recently added to or reduced their stakes in the company. Maltin Wealth Management Inc. lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% in the 3rd quarter. Maltin Wealth Management Inc. now owns 6,250 shares of the company’s stock valued at $636,000 after purchasing an additional 597 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at $206,000. Sunbelt Securities Inc. lifted its holdings 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 valued at $191,000 after acquiring an additional 1,871 shares in the last quarter. IMC Chicago LLC boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 74.6% during the 4th quarter. IMC Chicago LLC now owns 18,258 shares of the company’s stock worth $1,916,000 after purchasing an additional 7,799 shares during the period. Finally, Howe & Rusling Inc. acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at $41,000.

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.