Short Interest in Invesco Semiconductors ETF (NYSEARCA:PSI) Declines By 34.9%

Invesco Semiconductors ETF (NYSEARCA:PSI) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 202,536 shares, a decrease of 34.9% from the July 30th total of 311,194 shares. Based on an average trading volume of 491,684 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.2% of the shares of the stock are sold short.

Invesco Semiconductors ETF Stock Performance

NYSEARCA PSI opened at $129.21 on Thursday. Invesco Semiconductors ETF has a one year low of $61.01 and a one year high of $189.24. The company has a market cap of $2.17 billion, a P/E ratio of 29.05 and a beta of 1.79. The business has a fifty day moving average price of $147.88 and a 200 day moving average price of $133.52.

Hedge Funds Weigh In On Invesco Semiconductors ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its stake in Invesco Semiconductors ETF by 205.5% during the 4th quarter. HighTower Advisors LLC now owns 543,240 shares of the company’s stock valued at $42,840,000 after acquiring an additional 365,438 shares in the last quarter. LPL Financial LLC lifted its stake in Invesco Semiconductors ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 407,485 shares of the company’s stock worth $32,134,000 after purchasing an additional 44,235 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Invesco Semiconductors ETF by 33.2% during the 2nd quarter. Captrust Financial Advisors now owns 243,386 shares of the company’s stock worth $14,593,000 after purchasing an additional 60,614 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Semiconductors ETF by 21.8% during the 3rd quarter. Bank of America Corp DE now owns 230,135 shares of the company’s stock worth $16,184,000 after purchasing an additional 41,215 shares during the last quarter. Finally, Rodgers & Associates LTD acquired a new position in shares of Invesco Semiconductors ETF during the 2nd quarter worth approximately $43,092,000.

About Invesco Semiconductors ETF

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.