Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 23.8% in December

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 8,121 shares, a growth of 23.8% from the December 15th total of 6,562 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 10,256 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 10,256 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Invesco Food & Beverage ETF during the third quarter worth about $80,000. Jones Financial Companies Lllp raised its position in shares of Invesco Food & Beverage ETF by 231.6% during the 1st quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock valued at $128,000 after buying an additional 1,948 shares during the period. Stratos Wealth Advisors LLC purchased a new position in Invesco Food & Beverage ETF in the second quarter worth approximately $242,000. Two Sigma Investments LP acquired a new position in shares of Invesco Food & Beverage ETF in the 3rd quarter valued at $835,000. Finally, Royal Bank of Canada lifted its stake in shares of Invesco Food & Beverage ETF by 21.4% in the 1st quarter. Royal Bank of Canada now owns 18,163 shares of the company’s stock valued at $835,000 after purchasing an additional 3,207 shares during the last quarter.

Invesco Food & Beverage ETF Stock Performance

Shares of Invesco Food & Beverage ETF stock opened at $46.34 on Tuesday. The business’s 50 day moving average price is $44.98 and its 200 day moving average price is $46.07. The company has a market cap of $95.46 million, a price-to-earnings ratio of 19.85 and a beta of 0.56. Invesco Food & Beverage ETF has a one year low of $42.57 and a one year high of $49.33.

About Invesco Food & Beverage ETF

PowerShares Dynamic Food & Beverage Portfolio (the Fund) is based on the Dynamic Food & Beverage Intellidex Index (Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in common stocks that consists of the Index. The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.