Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) Short Interest Update

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 400 shares, a decrease of 92.9% from the December 15th total of 5,600 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Invesco Dorsey Wright Consumer Staples Momentum ETF

Several large investors have recently added to or reduced their stakes in PSL. Maltin Wealth Management Inc. lifted its stake in shares of 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 valued at $636,000 after purchasing an additional 597 shares during the period. Meridian Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Consumer Staples Momentum ETF in the third quarter worth $206,000. Sunbelt Securities Inc. raised its holdings in 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 worth $191,000 after purchasing an additional 1,871 shares in the last quarter. Finally, Howe & Rusling Inc. purchased a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF during the third quarter valued at $41,000.

Invesco Dorsey Wright Consumer Staples Momentum ETF Price Performance

PSL traded up $1.24 during trading on Tuesday, hitting $105.67. 781 shares of the stock traded hands, compared to its average volume of 1,310. The firm has a market capitalization of $91.93 million, a P/E ratio of 25.07 and a beta of 0.73. 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 50-day moving average of $107.11 and a 200 day moving average of $102.16.

Invesco Dorsey Wright Consumer Staples Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.2084 dividend. The ex-dividend date 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.