Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Short Interest Down 35.7% in April

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 234 shares, a drop of 35.7% from the April 15th total of 364 shares. Based on an average daily volume of 948 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Invesco Dorsey Wright Financial Momentum ETF Trading Down 0.4%

Shares of PFI opened at $58.26 on Wednesday. The firm’s fifty day simple moving average is $55.76 and its 200-day simple moving average is $56.79. The firm has a market capitalization of $36.12 million, a price-to-earnings ratio of 18.63 and a beta of 1.03. Invesco Dorsey Wright Financial Momentum ETF has a twelve month low of $51.57 and a twelve month high of $60.12.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC grew its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 11.1% in the 4th quarter. Advisory Services Network LLC now owns 7,683 shares of the company’s stock valued at $444,000 after buying an additional 769 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter valued at $1,145,000. Susquehanna International Group LLP purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter valued at $502,000. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 9.4% in the 4th quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock valued at $338,000 after buying an additional 503 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 677.4% in the 1st quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock valued at $140,000 after buying an additional 2,276 shares during the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.