Invesco Food & Beverage ETF (NYSEARCA:PBJ) Short Interest Up 122.2% in July

Invesco Food & Beverage ETF (NYSEARCA:PBJ) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 17,251 shares, a growth of 122.2% from the July 15th total of 7,765 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 10,240 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBJ. Compass Financial Management LLC purchased a new stake in Invesco Food & Beverage ETF in the second quarter worth approximately $224,000. Parallel Advisors LLC raised its stake in Invesco Food & Beverage ETF by 139.1% during the 1st quarter. Parallel Advisors LLC now owns 985 shares of the company’s stock valued at $48,000 after buying an additional 573 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Food & Beverage ETF by 60.6% during the 1st quarter. Bank of America Corp DE now owns 84,716 shares of the company’s stock valued at $4,148,000 after buying an additional 31,967 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Invesco Food & Beverage ETF by 720.5% during the 1st 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 during the period. Finally, Howe & Rusling Inc. boosted its stake in shares of Invesco Food & Beverage ETF by 1.5% in the 1st quarter. Howe & Rusling Inc. now owns 42,967 shares of the company’s stock worth $2,104,000 after buying an additional 640 shares during the last quarter.

Invesco Food & Beverage ETF Stock Up 0.0%

Shares of NYSEARCA PBJ traded up $0.01 during trading on Friday, reaching $48.04. 9,040 shares of the company traded hands, compared to its average volume of 20,871. The firm has a 50 day simple moving average of $47.82 and a 200-day simple moving average of $48.64. The stock has a market capitalization of $108.57 million, a PE ratio of 19.85 and a beta of 0.48. Invesco Food & Beverage ETF has a 52-week low of $42.69 and a 52-week high of $51.07.

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.