Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Increase in Short Interest

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 79,066 shares, a growth of 57.5% from the July 30th total of 50,196 shares. Based on an average daily trading volume, of 150,075 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.3% of the company’s stock are sold short.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.5%

Shares of Invesco Dorsey Wright Technology Momentum ETF stock opened at $94.10 on Thursday. The stock’s fifty day moving average price is $107.57 and its 200-day moving average price is $107.53. The firm has a market cap of $570.25 million, a P/E ratio of 32.05 and a beta of 1.68. Invesco Dorsey Wright Technology Momentum ETF has a 12 month low of $66.48 and a 12 month high of $139.65.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth approximately $41,000. Qube Research & Technologies Ltd increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after buying an additional 1,137 shares during the period. Jones Financial Companies Lllp raised its stake 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 buying an additional 495 shares in the last quarter. Centaurus Financial Inc. raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the first quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after buying an additional 300 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth $144,000.

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.