Invesco Food & Beverage ETF (NYSEARCA:PBJ) Stock Short Interest Drops 82.9%

Invesco Food & Beverage ETF (NYSEARCA:PBJ) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,331 shares, a drop of 82.9% from the September 15th total of 37,068 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 10,024 shares, the days-to-cover ratio is presently 0.6 days.

Invesco Food & Beverage ETF Stock Down 0.4%

PBJ stock opened at $45.82 on Friday. Invesco Food & Beverage ETF has a twelve month low of $42.69 and a twelve month high of $51.07. The company has a market cap of $85.68 million, a PE ratio of 19.85 and a beta of 0.49. The business’s 50-day simple moving average is $47.04 and its 200 day simple moving average is $47.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in Invesco Food & Beverage ETF during the second quarter worth $224,000. Parallel Advisors LLC grew its holdings in shares of Invesco Food & Beverage ETF by 139.1% during the first quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock worth $48,000 after purchasing an additional 573 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco Food & Beverage ETF by 60.6% during the first quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock worth $4,148,000 after purchasing an additional 31,967 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco Food & Beverage ETF by 720.5% in the first quarter. Kestra Advisory Services LLC now owns 15,154 shares of the company’s stock valued at $742,000 after buying an additional 13,307 shares in the last quarter. Finally, Howe & Rusling Inc. raised its holdings in shares of Invesco Food & Beverage ETF by 1.5% in the first quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock valued at $2,104,000 after buying an additional 640 shares during the last quarter.

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.