Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Short Interest Down 98.2% in December

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 194 shares, a decrease of 98.2% from the November 30th total of 10,909 shares. Based on an average daily trading volume, of 25,668 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 25,668 shares, the days-to-cover ratio is currently 0.0 days.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Invesco Dorsey Wright Technology Momentum ETF stock traded up $0.22 during midday trading on Wednesday, reaching $79.13. The stock had a trading volume of 12,630 shares, compared to its average volume of 52,191. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $49.57 and a twelve month high of $84.05. The firm has a market cap of $401.98 million, a price-to-earnings ratio of 32.05 and a beta of 1.49. The firm’s fifty day simple moving average is $77.86 and its two-hundred day simple moving average is $72.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Transamerica Financial Advisors LLC raised its position in Invesco Dorsey Wright Technology Momentum ETF by 2.7% during the first quarter. Transamerica Financial Advisors LLC now owns 255,095 shares of the company’s stock valued at $15,041,000 after buying an additional 6,701 shares during the period. Ameriprise Financial Inc. grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after acquiring an additional 110,228 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 11.7% in the 2nd quarter. Osaic Holdings Inc. now owns 69,872 shares of the company’s stock valued at $4,772,000 after purchasing an additional 7,328 shares during the period. Theory Financial LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 30.9% in the 3rd quarter. Theory Financial LLC now owns 60,914 shares of the company’s stock valued at $4,812,000 after purchasing an additional 14,390 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the third quarter. Truist Financial Corp now owns 49,419 shares of the company’s stock worth $3,697,000 after purchasing an additional 926 shares in the last quarter.

About Invesco Dorsey Wright Technology Momentum ETF

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.