Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Sees Significant Increase in Short Interest

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,773 shares, a growth of 821.4% from the June 30th total of 518 shares. Based on an average trading volume of 1,663 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.6% of the shares of the stock are sold short.

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

A number of large investors have recently modified their holdings of the business. Osaic Holdings Inc. boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% during the second quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock worth $583,000 after acquiring an additional 1,200 shares during the last quarter. US Bancorp DE acquired a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter valued at about $25,000. UBS Group AG lifted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% in the 3rd quarter. UBS Group AG now owns 13,273 shares of the company’s stock worth $1,459,000 after purchasing an additional 3,285 shares in the last quarter. Two Sigma Investments LP purchased a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the 3rd quarter worth approximately $605,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the 3rd quarter worth approximately $955,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

NASDAQ PSL opened at $112.22 on Friday. The stock’s 50 day simple moving average is $111.96 and its 200-day simple moving average is $110.66. The company has a market cap of $83.04 million, a PE ratio of 18.50 and a beta of 0.64. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 1-year low of $97.96 and a 1-year high of $117.12.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.1933 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.77 dividend on an annualized basis and a yield of 0.7%.

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. 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 staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail.