Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Stock Short Interest Report for September

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 936 shares, a drop of 54.8% from the September 15th total of 2,072 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 7,023 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in Invesco Dorsey Wright Financial Momentum ETF in the second quarter valued at approximately $46,000. Bank of America Corp DE grew its holdings in Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the first quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after purchasing an additional 294 shares during the last quarter. Finally, IMC Chicago LLC increased its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the first quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after purchasing an additional 5,195 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Stock Up 1.8%

PFI stock traded up $1.03 during trading on Thursday, hitting $57.32. 1,476 shares of the company’s stock traded hands, compared to its average volume of 7,901. The firm has a market capitalization of $48.15 million, a P/E ratio of 18.63 and a beta of 1.02. Invesco Dorsey Wright Financial Momentum ETF has a 1 year low of $51.57 and a 1 year high of $64.46. The business has a fifty day simple moving average of $60.70 and a two-hundred day simple moving average of $59.82.

About Invesco Dorsey Wright Financial Momentum ETF

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.