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 decline in short interest in January. As of January 30th, there was short interest totaling 347 shares, a decline of 24.7% from the January 15th total of 461 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,389 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 2,389 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Up 0.4%

Shares of PSL opened at $113.51 on Tuesday. The company has a 50 day moving average of $105.70 and a two-hundred day moving average of $106.81. Invesco Dorsey Wright Consumer Staples Momentum ETF has a twelve month low of $97.96 and a twelve month high of $114.45. The company has a market cap of $94.21 million, a price-to-earnings ratio of 18.50 and a beta of 0.69.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.2349 per share. This is a positive change from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, December 22nd. This represents a $0.94 annualized dividend and a yield of 0.8%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSL. US Bancorp DE purchased a new stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth about $25,000. Kestra Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF during the 4th quarter worth approximately $44,000. Capital Analysts LLC increased its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.8% during the 4th quarter. Capital Analysts LLC now owns 685 shares of the company’s stock valued at $69,000 after purchasing an additional 169 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF in the fourth quarter worth $101,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 6.8% in the fourth quarter. Benjamin Edwards Inc. now owns 2,511 shares of the company’s stock worth $252,000 after buying an additional 160 shares during the last quarter.

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.