Short Interest in Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Increases By 142.2%

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 557 shares, an increase of 142.2% from the June 15th total of 230 shares. Based on an average daily trading volume, of 1,032 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Financial Momentum ETF stock traded up $0.30 on Thursday, hitting $63.88. 1,427 shares of the company’s stock were exchanged, compared to its average volume of 8,074. The company has a 50-day simple moving average of $59.99 and a 200-day simple moving average of $57.76. The stock has a market capitalization of $56.21 million, a PE ratio of 18.63 and a beta of 1.01. Invesco Dorsey Wright Financial Momentum ETF has a 1 year low of $51.57 and a 1 year high of $64.00.

Hedge Funds Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of PFI. Cetera Investment Advisers increased its holdings in Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock worth $295,000 after acquiring an additional 225 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the first quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after purchasing an additional 294 shares in the last quarter. Trueblood Wealth Management LLC boosted its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 6.1% in the fourth quarter. Trueblood Wealth Management LLC now owns 7,405 shares of the company’s stock worth $427,000 after purchasing an additional 428 shares during the period. Royal Bank of Canada boosted its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 9.4% in the fourth quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock worth $338,000 after purchasing an additional 503 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the fourth quarter worth $35,000.

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.