Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Update

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 9,471 shares, a growth of 119.8% from the February 12th total of 4,309 shares. Based on an average trading volume of 19,607 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 19,607 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Invesco Food & Beverage ETF

Several institutional investors have recently made changes to their positions in the company. Sound Income Strategies LLC acquired a new position in Invesco Food & Beverage ETF in the fourth quarter worth approximately $40,000. Commonwealth Equity Services LLC lifted its stake in Invesco Food & Beverage ETF by 10.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 17,976 shares of the company’s stock valued at $805,000 after acquiring an additional 1,740 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Invesco Food & Beverage ETF in the third quarter valued at approximately $80,000. Kestra Advisory Services LLC bought a new stake in Invesco Food & Beverage ETF in the fourth quarter worth approximately $83,000. Finally, Jones Financial Companies Lllp grew its position in Invesco Food & Beverage ETF by 231.6% in the first quarter. Jones Financial Companies Lllp now owns 2,789 shares of the company’s stock worth $128,000 after acquiring an additional 1,948 shares in the last quarter.

Invesco Food & Beverage ETF Trading Up 0.4%

PBJ opened at $48.91 on Friday. The stock has a fifty day moving average price of $48.30 and a 200 day moving average price of $46.40. Invesco Food & Beverage ETF has a 1 year low of $42.57 and a 1 year high of $51.07. The stock has a market cap of $101.24 million, a price-to-earnings ratio of 19.85 and a beta of 0.56.

Invesco Food & Beverage ETF Company Profile

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.