Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Short Interest Down 14.8% in January

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 495 shares, a decline of 14.8% from the January 15th total of 581 shares. Based on an average daily volume of 917 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 917 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the fourth quarter worth $245,000. AlphaCore Capital LLC bought a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter worth about $986,000. Farther Finance Advisors LLC raised its stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.5% in the 4th quarter. Farther Finance Advisors LLC now owns 9,276 shares of the company’s stock valued at $964,000 after purchasing an additional 225 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF in the fourth quarter valued at about $26,000. Finally, Trueblood Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 2.3% during the fourth quarter. Trueblood Wealth Management LLC now owns 4,466 shares of the company’s stock worth $464,000 after buying an additional 99 shares during the period.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

Shares of NASDAQ PEZ opened at $104.83 on Monday. The firm has a 50 day moving average price of $105.99 and a 200 day moving average price of $101.49. The stock has a market cap of $25.16 million, a P/E ratio of 24.30 and a beta of 1.30. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $76.23 and a 52-week high of $110.43.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index consists of stocks of 60 United States consumer companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that are cyclical in nature, including retail, automotive, leisure and recreation, media and real estate.