Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Sees Significant Decline in Short Interest

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 400 shares, a drop of 92.9% from the December 15th total of 5,600 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Maltin Wealth Management Inc. grew its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 10.6% in the 3rd quarter. Maltin Wealth Management Inc. now owns 6,250 shares of the company’s stock worth $636,000 after buying an additional 597 shares in the last quarter. Howe & Rusling Inc. bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth $41,000. Meridian Wealth Management LLC bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth $206,000. Finally, Sunbelt Securities Inc. boosted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% during the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock valued at $191,000 after buying an additional 1,871 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Up 1.2 %

PSL traded up $1.24 on Tuesday, hitting $105.67. The company’s stock had a trading volume of 781 shares, compared to its average volume of 1,310. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12 month low of $90.73 and a 12 month high of $110.81. The firm has a market cap of $91.93 million, a P/E ratio of 25.07 and a beta of 0.73. The company’s 50 day simple moving average is $107.08 and its 200-day simple moving average is $102.10.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.2084 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.