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

Invesco Dorsey Wright Consumer Staples Momentum ETF (NASDAQ:PSL) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 200 shares, an increase of 100.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 0.1 days.

Invesco Dorsey Wright Consumer Staples Momentum ETF Trading Up 0.1 %

NASDAQ PSL traded up $0.12 on Thursday, reaching $97.66. The stock had a trading volume of 856 shares, compared to its average volume of 2,834. The company has a market capitalization of $88.87 million, a price-to-earnings ratio of 17.05 and a beta of 0.73. Invesco Dorsey Wright Consumer Staples Momentum ETF has a 1 year low of $78.66 and a 1 year high of $98.16. The business has a 50 day moving average price of $94.43 and a 200 day moving average price of $88.54.

Invesco Dorsey Wright Consumer Staples Momentum ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.1839 per share. This represents a $0.74 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Monday, March 18th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its position in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 27.7% during the 4th quarter. Citadel Advisors LLC now owns 5,098 shares of the company’s stock worth $466,000 after purchasing an additional 1,106 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 120.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,601 shares of the company’s stock valued at $421,000 after buying an additional 2,513 shares during the period. Capital Analysts LLC lifted its position in Invesco Dorsey Wright Consumer Staples Momentum ETF by 184.2% during the 4th quarter. Capital Analysts LLC now owns 682 shares of the company’s stock valued at $62,000 after purchasing an additional 442 shares during the period. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Consumer Staples Momentum ETF in the fourth quarter valued at approximately $276,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Invesco Dorsey Wright Consumer Staples Momentum ETF by 3.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 5,172 shares of the company’s stock worth $432,000 after purchasing an additional 156 shares during the period.

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.