Invesco NASDAQ Internet ETF (NASDAQ:PNQI – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 272,310 shares, a growth of 1,748.7% from the July 15th total of 14,730 shares. Based on an average trading volume of 92,620 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.6% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Invesco NASDAQ Internet ETF in the fourth quarter valued at about $40,000. Advisory Services Network LLC purchased a new stake in shares of Invesco NASDAQ Internet ETF during the 3rd quarter worth approximately $73,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Invesco NASDAQ Internet ETF by 198.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,449 shares of the company’s stock worth $132,000 after acquiring an additional 1,628 shares in the last quarter. RCW Management LLC acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 4th quarter worth approximately $237,000. Finally, Equitable Trust Co. acquired a new stake in shares of Invesco NASDAQ Internet ETF in the 1st quarter worth approximately $203,000.
Invesco NASDAQ Internet ETF Price Performance
PNQI stock opened at $51.19 on Thursday. The company has a fifty day moving average price of $47.70 and a 200 day moving average price of $47.66. Invesco NASDAQ Internet ETF has a 12 month low of $42.80 and a 12 month high of $57.22. The company has a market cap of $545.17 million, a price-to-earnings ratio of 30.49 and a beta of 1.23.
About Invesco NASDAQ Internet ETF
The Invesco NASDAQ Internet ETF (PNQI) is an exchange-traded fund that is based on the NASDAQ Internet index, a modified-market-cap-weighted index of Internet companies listed in the US. PNQI was launched on Jun 12, 2008 and is managed by Invesco.
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