Short Interest in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Decreases By 40.3%

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 14,360 shares, a drop of 40.3% from the February 26th total of 24,058 shares. Based on an average trading volume of 31,406 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.4%

Shares of Invesco Dorsey Wright Technology Momentum ETF stock traded up $0.32 on Friday, reaching $87.08. 18,833 shares of the stock were exchanged, compared to its average volume of 35,745. Invesco Dorsey Wright Technology Momentum ETF has a 1-year low of $49.57 and a 1-year high of $96.34. The business has a fifty day moving average price of $88.69 and a two-hundred day moving average price of $81.48. The firm has a market capitalization of $411.89 million, a PE ratio of 32.05 and a beta of 1.49.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTF. Integrated Wealth Concepts LLC lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 74.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 7,050 shares of the company’s stock valued at $416,000 after buying an additional 3,000 shares during the period. Jones Financial Companies Lllp raised its position in Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after acquiring an additional 495 shares in the last quarter. Jane Street Group LLC lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after acquiring an additional 329,668 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 24.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 5,111 shares of the company’s stock valued at $349,000 after acquiring an additional 1,004 shares during the period. Finally, Quadrature Capital Ltd boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 117.0% during the 2nd quarter. Quadrature Capital Ltd now owns 10,936 shares of the company’s stock worth $747,000 after purchasing an additional 5,896 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.