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

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a drop of 78.9% from the February 28th total of 5,700 shares. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Invesco Dorsey Wright Consumer Staples Momentum ETF

Several large investors have recently added to or reduced their stakes in PSL. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 265.2% in the 4th quarter. Jones Financial Companies Lllp now owns 252 shares of the company’s stock valued at $26,000 after purchasing an additional 183 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth $206,000. Global Retirement Partners LLC boosted its stake in Invesco Dorsey Wright Consumer Staples Momentum ETF by 21.6% during the fourth quarter. Global Retirement Partners LLC now owns 857 shares of the company’s stock worth $90,000 after buying an additional 152 shares during the period. IMC Chicago LLC increased its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 74.6% during the fourth quarter. IMC Chicago LLC now owns 18,258 shares of the company’s stock valued at $1,916,000 after acquiring an additional 7,799 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 46,775.0% in the third quarter. Sunbelt Securities Inc. now owns 1,875 shares of the company’s stock valued at $191,000 after acquiring an additional 1,871 shares during the period.

Invesco Dorsey Wright Consumer Staples Momentum ETF Stock Down 0.8 %

Invesco Dorsey Wright Consumer Staples Momentum ETF stock traded down $0.86 during mid-day trading on Friday, reaching $107.05. 3,149 shares of the company’s stock traded hands, compared to its average volume of 2,553. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 12-month low of $91.63 and a 12-month high of $114.45. The stock has a 50 day moving average of $109.14 and a two-hundred day moving average of $106.07. The company has a market cap of $91.00 million, a price-to-earnings ratio of 20.57 and a beta of 0.80.

Invesco Dorsey Wright Consumer Staples Momentum ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.2207 dividend. This is an increase from Invesco Dorsey Wright Consumer Staples Momentum ETF’s previous dividend of $0.21. The ex-dividend date is Monday, March 24th.

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.