Invesco Semiconductors ETF (NYSEARCA:PSI) Sees Large Decline in Short Interest

Invesco Semiconductors ETF (NYSEARCA:PSI) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 86,719 shares, a decrease of 59.7% from the February 26th total of 215,364 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 246,152 shares, the short-interest ratio is presently 0.4 days.

Invesco Semiconductors ETF Stock Down 1.6%

PSI stock opened at $93.21 on Friday. Invesco Semiconductors ETF has a 52-week low of $37.64 and a 52-week high of $105.74. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 29.05 and a beta of 1.57. The business has a fifty day moving average of $96.51 and a two-hundred day moving average of $83.48.

Institutional Trading of Invesco Semiconductors ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PSI. VSM Wealth Advisory LLC acquired a new position in Invesco Semiconductors ETF in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. acquired a new stake in shares of Invesco Semiconductors ETF during the fourth quarter valued at about $35,000. MV Capital Management Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $59,000. Howe & Rusling Inc. purchased a new stake in shares of Invesco Semiconductors ETF in the 4th quarter valued at approximately $59,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Invesco Semiconductors ETF in the 4th quarter worth approximately $60,000.

Invesco Semiconductors ETF Company Profile

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.