Invesco Semiconductors ETF (NYSEARCA:PSI) Short Interest Update

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 215,364 shares, an increase of 164.5% from the February 12th total of 81,408 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 289,906 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 289,906 shares, the short-interest ratio is presently 0.7 days. Currently, 1.7% of the shares of the stock are short sold.

Invesco Semiconductors ETF Price Performance

Invesco Semiconductors ETF stock traded up $0.40 during mid-day trading on Friday, reaching $92.08. 56,824 shares of the company were exchanged, compared to its average volume of 192,718. The company has a fifty day simple moving average of $94.98 and a 200-day simple moving average of $81.18. Invesco Semiconductors ETF has a 12 month low of $37.64 and a 12 month high of $105.74. The firm has a market cap of $1.18 billion, a PE ratio of 29.05 and a beta of 1.57.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PSI. VSM Wealth Advisory LLC acquired a new position in Invesco Semiconductors ETF in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. bought a new position in Invesco Semiconductors ETF in the 4th quarter valued at about $35,000. Simplex Trading LLC increased its holdings in Invesco Semiconductors ETF by 818.3% in the 2nd quarter. Simplex Trading LLC now owns 753 shares of the company’s stock valued at $45,000 after buying an additional 671 shares during the period. MV Capital Management Inc. acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $59,000. Finally, Howe & Rusling Inc. acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $59,000.

Invesco Semiconductors ETF Company Profile

PowerShares Dynamic Semiconductors Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Semiconductors Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. The Index consists of stocks of 30 United States semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors.