Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Short Interest Down 37.7% in August

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 4,800 shares, a drop of 37.7% from the August 15th total of 7,700 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 1.0 days.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Stock Performance

PEZ traded up $0.41 during trading on Monday, hitting $100.44. 806 shares of the stock were exchanged, compared to its average volume of 5,507. The firm has a 50 day simple moving average of $96.21 and a 200 day simple moving average of $94.53. The firm has a market cap of $75.33 million, a price-to-earnings ratio of 19.95 and a beta of 1.29. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 1 year low of $58.93 and a 1 year high of $102.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SPC Financial Inc. increased its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 1.8% in the 2nd quarter. SPC Financial Inc. now owns 9,888 shares of the company’s stock valued at $949,000 after acquiring an additional 178 shares during the period. Genesee Capital Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 15.0% in the 2nd quarter. Genesee Capital Advisors LLC now owns 17,172 shares of the company’s stock valued at $1,647,000 after acquiring an additional 2,243 shares during the period. Commonwealth Equity Services LLC purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 2nd quarter worth $497,000. Cambridge Investment Research Advisors Inc. grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 42.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,210 shares of the company’s stock worth $1,747,000 after buying an additional 5,394 shares during the last quarter. Finally, Scotia Capital Inc. purchased a new position in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 4th quarter worth $517,000.

About Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

PowerShares Dynamic Consumer Discretionary Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Consumer Discretionary Sector Intellidex Index (the Index). The Fund will normally invest at least 80% of its total assets in common stocks of consumer companies.