Short Interest in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) Drops By 42.3%

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:PEZ) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,500 shares, a decrease of 42.3% from the October 31st total of 2,600 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Invesco Dorsey Wright Consumer Cyclicals Momentum ETF

Several large investors have recently made changes to their positions in PEZ. Financial Management Professionals Inc. bought a new stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the 3rd quarter valued at approximately $1,743,000. Silver Oak Securities Incorporated raised its position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 65.2% during the third quarter. Silver Oak Securities Incorporated now owns 21,791 shares of the company’s stock valued at $2,270,000 after buying an additional 8,602 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 42.1% in the second 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 in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Invesco Dorsey Wright Consumer Cyclicals Momentum ETF during the second quarter worth $497,000. Finally, Genesee Capital Advisors LLC grew its stake in Invesco Dorsey Wright Consumer Cyclicals Momentum ETF by 15.0% during the second 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 in the last quarter.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Trading Down 0.6 %

Shares of PEZ traded down $0.63 during trading hours on Thursday, reaching $111.19. 2,176 shares of the stock traded hands, compared to its average volume of 4,928. The company has a market cap of $75.61 million, a P/E ratio of 19.95 and a beta of 1.29. The company’s 50-day moving average price is $105.12 and its two-hundred day moving average price is $99.23. Invesco Dorsey Wright Consumer Cyclicals Momentum ETF has a 52-week low of $70.97 and a 52-week high of $113.42.

Invesco Dorsey Wright Consumer Cyclicals Momentum ETF Company Profile

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.