Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Up 821.4% in July

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a large growth in short interest in 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. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is presently 2.9 days.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Up 0.5%

Shares of NASDAQ PSL traded up $0.59 during trading on Friday, reaching $112.22. The company had a trading volume of 983 shares, compared to its average volume of 1,940. The stock has a market cap of $83.04 million, a P/E ratio of 18.50 and a beta of 0.64. The company’s fifty day moving average price is $111.96 and its 200-day moving average price is $110.66. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12 month low of $97.96 and a 12 month high of $117.12.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors 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 annualized dividend and a yield of 0.7%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 29.4% in the 2nd quarter. Osaic Holdings Inc. now owns 5,283 shares of the company’s stock worth $583,000 after purchasing an additional 1,200 shares during the period. US Bancorp DE bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter worth $25,000. UBS Group AG raised its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 32.9% during the third quarter. UBS Group AG now owns 13,273 shares of the company’s stock worth $1,459,000 after buying an additional 3,285 shares during the last quarter. Two Sigma Investments LP acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at $605,000. Finally, Ameriprise Financial Inc. acquired a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter valued at $955,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Company Profile

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.